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H.R. 1340 · 119th Congress

More Homes on the Market Act

In committee

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Bill details

Introduced: 2/13/2025
Current status: In committee
Bill ID: 119hr1340
Latest official action: Referred to the House Committee on Ways and Means.

Bill overview

A neutral overview based on official congressional sources.

Introduced in House

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.

Source: BILLSUM · Summary date: 2/13/2025

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Last updated: 3/21/2026Source: BILLSUMBill: 119hr1340Learn more →