Is gain on the sale of home counted as taxable income? 0 percent, 15 percent or 20 percent per income tax bracket is based on ordinary income, not capital gain?

[chamonix]

For example, my income is $44000, which is in 0% bracket.
But if my sale of house has $150000 profit, after $250000 reduction of being primary residence. 
My taxable income is now $44000+$150000 =$194000? then it is subject to 15% tax bracket, not 0% because of my ordinary income?

[Bsch4477]

Part of the capital gains will be taxed at 0% and part at 15%. About $14,500  will be taxed at 0% and about $135,500 will be in the 15% tax bracket. 

[chamonix]

Thanks for your response. 

What is the $14,500 you mentioned? 

[Bsch4477]

That is the amount of capital gain that you won’t pay tax on. 

[chamonix]

Thanks again.

Sorry, I didn't ask question clearly.. Might I ask how did you get that number? 

[Bsch4477]

I did a test return using the amounts that you posted to arrive at the figures that I posted.