Loading
Loading
Your feedback directly shapes Sporos.
Sign in to track your feedback history
More Homes on the Market Act This bill increases the amount of gain from the sale of a principal residence that an individual may exclude from gross income (for federal tax purposes). Under the bill, an individual may exclude from gross income gain from the sale of a principal residence of up to $500,000 (currently $250,000), and taxpayers who are married and file a joint federal income tax return may exclude up to $1 million (currently $500.000). The bill also requires these amounts to be adjusted annually for inflation.
Introduced
Feb 13, 2025
Last Action
Feb 13, 2025
Session
119th Congress
Sponsors
1 primary · 105 co
Passage Probability
2% — Very Low
Introduced in House
Referred to the House Committee on Ways and Means.
Get a plain-English explanation of what this bill does, who it affects, and why it matters.
2%
Estimate based on legislative signals
See what factors are driving this score — cosponsor support, bipartisan backing, committee progress, and more.
Upgrade to ProReferred to the House Committee on Ways and Means.