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.
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How it worksIntroduced
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What this bill does
AI plain-language summaryThis 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.
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