Bill > HR9015

This bill, the "More Homes on the Market Act," aims to increase the exclusion of gain from the sale of a principal residence. Specifically, it raises the exclusion limit from $250,000 to $500,000 for individual taxpayers and from $500,000 to $1,000,000 for married couples filing jointly. Additionally, the bill includes an inflation adjustment provision to periodically increase these limits in line with the cost of living. The goal of these changes is to encourage homeowners to sell their properties, thereby increasing the number of homes available on the market.