You could pay nothing on capital gains taxes by using a 1031 exchange. It’s where you use that money from the sale of your previous home, including the gains, to buy another house for the same price or one that’s more expensive. You can continuously do this strategy until you die. Then the capital gains will be forgiven.
So you could use that 250k into another home and not pay the capital gains taxes on it yet. Beware you will have to do this strategy again when you sell the next house. Just keep repeating it until you’re dead.
If you choose to do this, you have 45 calendar days to identify new properties from the sale of your house. Then you have 180 days to close on the new property.
CG rate for MFJ is 15% for taxable income approx. 79K to 489K. Your taxable income is about 80K + 250K = 330K so you fall in that category.
You may also be subjected to the NIIT tax (3.8%) on the the part of the
CG that makes AGI > 250K.
The long-term capital gains tax rate is 0%, 15% or 20% depending on your taxable income and filing status. They are generally lower than short-term capital gains tax rates. Capital gains tax rules can be different for home sales.