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HR 1340 · in committee · significant

More Homes on the Market Act

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.

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Community Threads

Started by Cosponsor

  1. 01

    How might doubling the capital gains exclusion for home sales affect housing affordability for first-time buyers in competitive markets?

  2. 02

    Which income groups would benefit most from this tax exclusion change, and what revenue trade-offs would the federal government face?

  3. 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

+ 104 more

Legislative timeline

  1. 2025-02-13 · house · IntroReferral

    Referred to the House Committee on Ways and Means.

  2. 2025-02-13 · IntroReferral

    Introduced in House

  3. 2025-02-13 · IntroReferral

    Introduced in House

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