HR 7034 · 119th CongressIn Committeecongress.gov ↗

To amend the Internal Revenue Code of 1986 to eliminate the dollar limitations on the exclusion of gain from sales of principal residences, and for other purposes.

Road to The Floor

How it works

Introduced

In Committee

On The Floor

Passed a Chamber

Passed Congress

To President

Became Law

What this bill does

AI plain-language summary

This bill appears to concern changing tax rules about selling your main home. Currently, there are dollar limits on how much profit you can exclude from taxes when you sell your primary residence, and this bill would remove those limits. No official summary is available for this bill.

Introduced

January 13, 2026

Policy Area

Taxation

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