âAnonymous, Anaheim, CA. A: With regard to federal taxation, individuals can exclude up to $250,000 in profit from the sale of a main home (or $500,000 for a married couple) as long as you have owned the home and lived in the home for a minimum of two years. Those two years do not need to be consecutive.
DEFINITION of 'Subsidy'. A benefit given by the government to groups or individuals usually in the form of a cash payment or tax reduction.The subsidy is usually given to remove some type of burden and is often considered to be in the interest of the public.Politics play an important part in subsidization. subsidy is a benefit given to an individual, business or institution, typically by the government. Subsidies are given to promote a social good or an economic policy.
1 Depending on the number of people in your family, you may receive a larger subsidy -- especially if you have three or more children. 2  Household income. 3  Subsidies will only be available to those below 400 percent of the poverty level, which according to Forbes, is less than $88,000 for a family of four.