Act Now to Increase the Capital Gains Exclusion on the Sale of Homes

Tell Congress to Pass the More Homes on the Market Act

Capital gains tax is the tax Americans pay on the profits from selling assets like their home. Yet, for more than 25 years, the amount homeowners can exclude from this tax when they sell their property hasn’t been adjusted for inflation.

In 1997, Congress said homeowners could make a tax-free profit of $250,000 for individuals, and $500,000 for married couples filing jointly on the sale of their home.

To provide the same tax relief today, that should be nearly $500,000 for single taxpayers and close to $1 million for married taxpayers!

As a result of these outdated amounts, many long-term homeowners are missing out on the equity they’ve worked hard to build. This leads to a reluctance to sell their homes, which means fewer properties available on the market.

The More Homes on the Market Act is bipartisan legislation that would fix this by increasing the capital gains exclusion for primary residences and ensuring it is updated annually for inflation.

We need your help! Fill out the form to contact your members of Congress and urge them to support the More Homes on the Market Act. With your help, we can make homeownership more valuable and increase housing options for everyone!