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No Tax on Home Sales: Unlimited Exclusion of Gain

This bill aims to remove the dollar limits on the tax exclusion for gains from selling a primary residence. This means citizens selling their homes will no longer pay tax on the profit, regardless of the amount, potentially leading to significant financial savings.
Key points
No tax on profit from selling your main home, regardless of the gain amount.
This change applies to home sales occurring after the law takes effect.
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Status: Introduced
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Additional Information
Print number: 119_HR_4327
Sponsor: Rep. Greene, Marjorie Taylor [R-GA-14]
Process start date: 2025-07-10