More Homes on the Market Act
Official title: To amend the Internal Revenue Code of 1986 to increase the exclusion of gain from the sale of a principal residence, and for other purposes.
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Referred to the House Committee on Ways and Means.
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.
- Introduced in House Formatted Text PDF Formatted XML
- HARBINGER STRATEGIES, LLC
- PHRONESISDC, LLC
- PHRONESISDC, LLC
- INVARIANT LLC
- NATIONAL ASSOCIATION OF REALTORS
- AMERICAN LAND TITLE ASSOCIATION
Bodies those filers lobbied
- HOUSE OF REPRESENTATIVES
- SENATE
- Treasury, Dept of
- Federal Housing Finance Agency (FHFA)
- White House Office
- Housing & Urban Development, Dept of (HUD)
- Labor, Dept of (DOL)
- Consumer Financial Protection Bureau (CFPB)
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/)