HR 1340 · in committee · significant
More Homes on the Market Act
- taxes
What this bill does
- The bill doubles the amount of home sale profits that individuals can exclude from federal income taxes.
- Homeowners selling their primary residence benefit, with singles excluding up to $500k and married couples up to $1m.
- The exclusion amounts adjust yearly for inflation and take effect upon passage.
Generated by claude-haiku-4-5
Community Threads
Started by Cosponsor
- 01
How might doubling the capital gains exclusion for home sales affect housing affordability for first-time buyers in competitive markets?
- 02
Which income groups would benefit most from this tax exclusion change, and what revenue trade-offs would the federal government face?
- 03
Could higher tax incentives for selling homes increase housing inventory, or might they primarily benefit existing wealthy homeowners?
Cosponsor writes these to seed civic discussion — they aren't user posts. Sign in to reply.

Sponsor · D-CA-19
Jimmy Panetta
Citizen cosponsors
0
In Congress
116/ 435
House Reps cosponsoring
Introduced 2025-02-13
Joining the bill

Josh Gottheimer
D-NJ-5 · original

Suzan K. DelBene
D-WA-1 · original

Brian K. Fitzpatrick
R-PA-1 · original

Salud O. Carbajal
D-CA-24 · original

Jim Costa
D-CA-21 · original

Nanette Diaz Barragán
D-CA-44 · original

Julia Brownley
D-CA-26 · original

Monica De La Cruz
R-TX-15 · original

Yassamin Ansari
D-AZ-3 · original

J. Luis Correa
D-CA-46 · original

Don Bacon
R-NE-2 · original

Daniel S. Goldman
D-NY-10 · original
+ 104 more
Legislative timeline
2025-02-13 · house · IntroReferral
Referred to the House Committee on Ways and Means.
2025-02-13 · IntroReferral
Introduced in House
2025-02-13 · IntroReferral
Introduced in House
Citizen comments
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