If you sell your main home, you would no longer face a dollar limit on how much profit is tax-free. Right now, that cap is $250,000 (or $500,000 for married couples). This bill removes those caps entirely for sales after it becomes law.
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No Tax on Home Sales Act is a House bill in committee. The latest recorded action: Referred to the House Committee on Ways and Means.
Latest action on H.R. 4327: Referred to the House Committee on Ways and Means.
Who this affects: This bill primarily affects homeowners who sell their main residence for a large profit — especially long-time owners in areas where home values have risen significantly. For most people whose gains fall under the current $250K/$500K caps, the practical effect would be minimal.
Why this matters: Home values have risen dramatically in many parts of the country, pushing more sellers above the existing exclusion caps — especially those who have owned their homes for decades. This bill would ensure that no homeowner pays federal income tax on profits from selling their primary residence, regardless of the amount.
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