Lets homeowners avoid taxes on all profits from selling their main home.
This bill would remove the dollar limits on how much profit homeowners can exclude from taxes when they sell their main home. Currently, there are limits on this tax break, but this bill would allow homeowners to keep all qualifying profits tax-free.
Today, if you sell your main home, you can exclude a certain amount of profit from your taxable income, but there are dollar limits on this exclusion. If this bill passes, those dollar limits would be removed. This means homeowners could exclude the full amount of profit from their main home sale from their taxable income, regardless of how large the profit is.
HR 7131 · 119th Congress · January 16, 2026 · AI Summary by gemini-2.5-flash · 10/10
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