Increases the exclusion of gain from the sale of a principal residence under the Internal Revenue Code.

The More Homes on the Market Act amends the Internal Revenue Code to increase the exclusion of gain from the sale of a principal residence. It raises the exclusion limit from $250,000 to $500,000 for individual filers and from $500,000 to $1,000,000 for joint filers. The bill also includes an adjustment for inflation for taxable years beginning after 2024. The changes apply to sales and exchanges after the date of enactment.

Increases the exclusion of gain from the sale of a principal residence under the Internal Revenue Code.

The More Homes on the Market Act amends the Internal Revenue Code to increase the exclusion of gain from the sale of a principal residence. It raises the exclusion limit from $250,000 to $500,000 for individual filers and from $500,000 to $1,000,000 for joint filers. The bill also includes an adjustment for inflation for taxable years beginning after 2024. The changes apply to sales and exchanges after the date of enactment.