More Homes on the Market Act

This bill increases how much money people can make from selling their main home without paying federal taxes on that profit. Right now, a single person can exclude up to $250,000 in profit from taxes, but this bill would increase that to $500,000. For married couples filing taxes together, the exclusion would go from $500,000 to $1 million. The bill also says these amounts would be adjusted each year to account for inflation.

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