More Homes on the Market Act
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More Homes on the Market Act
This bill increases the amount of gain from the sale of a principal residence that an individual may exclude from gross income (for federal tax purposes).
Under the bill, an individual may exclude from gross income gain from the sale of a principal residence of up to $500,000 (currently $250,000), and taxpayers who are married and file a joint federal income tax return may exclude up to $1 million (currently $500.000). The bill also requires these amounts to be adjusted annually for inflation.
Referred to the House Committee on Ways and Means.
- Introduced in House Formatted Text PDF Formatted XML
Cite this page
U.S. Congress. (2026). H.R. 1340: More Homes on the Market Act. 119th Congress. Open America. https://openamerica.io/bill/119-HR-1340/
"H.R. 1340: More Homes on the Market Act." 119th Congress, 2026, Open America, https://openamerica.io/bill/119-HR-1340/.
H.R. 1340, 119th Cong. (2026), https://openamerica.io/bill/119-HR-1340/.
[H.R. 1340: More Homes on the Market Act](https://openamerica.io/bill/119-HR-1340/)