More Homes on the Market Act
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Summary
This bill amends the Internal Revenue Code to increase the capital gains exclusion for the sale of a principal residence from $250,000 to $500,000 for single filers and from $500,000 to $1,000,000 for married couples filing jointly. The bill also indexes these amounts for inflation annually beginning in 2026. The changes apply to home sales occurring after the bill's enactment.
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How your representatives voted
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