Home sellers would pay no taxes on profits from selling their main home or any home to a first-time buyer.
This bill would let people avoid paying federal taxes on all profits when they sell their main home. It would also let sellers avoid taxes on all profits if they sell any home to someone buying their first home. This could help both sellers and first-time homebuyers.
Today, individuals can avoid federal taxes on up to $250,000 of profit from selling their main home, or $500,000 for married couples. This bill would remove these limits, letting people avoid federal taxes on all profits from selling their main home. It would also allow people to avoid federal taxes on all profits from selling any home if the buyer is a first-time homebuyer.
HR 7400 · 119th Congress · February 5, 2026 · AI Summary by gemini-2.5-flash · 10/10
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