More Homes on the Market Act

U.S. Congress · HR1340 · In Committee

Progression

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Primary sponsor's contributions received (same period)

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What the bill says

HR1340 · U.S. Congress · In Committee

Introduced 2025-02-13. Latest action: Referred to the House Committee on Ways and Means.

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Summary (plain-language)

More Homes on the Market Act This bill increases the amount of gain from the sale of a principal residence that an individual may exclude from gross income (for federal tax purposes). Under the bill, an individual may exclude from gross income gain from the sale of a principal residence of up to $500,000 (currently $250,000), and taxpayers who are married and file a joint federal income tax return may exclude up to $1 million (currently $500.000). The bill also requires these amounts to be adjusted annually for inflation.

Sponsors

Text versions

  • Introduced in House — 2025-02-13 — XML

What analysts say

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What politicians say

No linked claims or utterances yet — no one on record has cited this measure to justify a public argument.

Action History

DateAction
2025-02-13Introduced in House
2025-02-13Referred to the House Committee on Ways and Means.

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