H.R. 1340: More Homes on the Market Act

H.R. 1340 is a federal bill in the 119th Congress. When you sell your home today, the tax rules allow single filers to exclude up to $250,000 of profit from their federal income taxes, and married couples filing jointly can exclude up to $500,000. Under this bill, those profit exclusion limits double to… See its sponsors, how members voted, and a plain-English breakdown on PolityLens.