More Homes on the Market Act 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 and from $500,000 to $1,000,000. The bill also includes an adjustment for inflation for taxable years beginning after 2025. The changes apply to sales and exchanges after the enactment of this Act.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.