More Homes on the Market Act

This bill changes federal tax law on profits from selling a main home. It raises the amount of profit a seller can leave out of taxable income from $250,000 to $500,000, and from $500,000 to $1,000,000 for amounts that apply to married couples filing jointly. Starting with tax years beginning after 2025, these amounts would rise each year with inflation, rounded down to the nearest $100. The changes would apply to home sales made after the bill becomes law.

Full text and official record on Congress.gov

Sponsors

• John Cornyn Republican sponsor
• 24 cosponsors