The Time to Heal Act amends the Internal Revenue Code to allow individuals with deceased spouses to exclude up to $500,000 of gain from the sale of.

The Time to Heal Act amends the Internal Revenue Code to provide a special rule for certain home sales by individuals with deceased spouses. It allows these individuals to exclude up to $500,000 of gain from the sale of their principal residence, the same exclusion allowed to married couples. This applies if the requirements were met before the spouse's death and the individual has not remarried before the sale. The amendment applies to sales and exchanges made in taxable years beginning after the date of the enactment of this Act.

The Time to Heal Act amends the Internal Revenue Code to allow individuals with deceased spouses to exclude up to $500,000 of gain from the sale of.

The Time to Heal Act amends the Internal Revenue Code to provide a special rule for certain home sales by individuals with deceased spouses. It allows these individuals to exclude up to $500,000 of gain from the sale of their principal residence, the same exclusion allowed to married couples. This applies if the requirements were met before the spouse's death and the individual has not remarried before the sale. The amendment applies to sales and exchanges made in taxable years beginning after the date of the enactment of this Act.