Middle Class Home Tax Elimination Act

This bill would change the federal tax rules for people who sell their main home. Under current law, people can leave some of the profit from selling their main home out of their taxable income, but only up to a set dollar amount. The bill would remove those dollar limits. The rule that generally allows this exclusion only once every two years would stay in place. The changes would apply to home sales and exchanges made after the bill becomes law.

Full text and official record on Congress.gov

Sponsors

• Scott Fitzgerald Republican sponsor
• 0 cosponsors