This bill allows homeowners to sell their primary residences without facing limits on how much profit they can exclude from taxes. This change could help many people keep more money when they sell their homes.
If you sell your home, you could keep more of your profit without paying taxes on it.
Who this affects
Homeowners · Primary residence sellers
What changes is this bill making?
1This bill removes the dollar limits on tax exclusions for selling a primary home.
2Homeowners can keep more profit from selling their houses without paying taxes on it.
3It changes the current tax code to allow greater financial benefits for home sellers.
4The changes apply to home sales after the bill becomes law.
