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.
The worldâs largest cash subsidy under the Direct Benefit Transfer Scheme was re-launched by the Union Government in November 2014 in 54 districts and is extended all over the country with effect from January 1, 2015. The scheme was launched for the consumers of Liquid Petroleum Gas (LPG).owever, the new scheme has made available the LPG subsidy to all consumers. Under the modified scheme, the consumers who use LPG can now receive subsidy in his bank account under two options.