New Bill Proposes to Eliminate Capital Gains Tax on Home Sales

A new bill from Congresswoman Marjorie Taylor Greene aims to eliminate the federal capital gains tax on primary home sales, offering a major tax break to millions of long-time homeowners. In this episode of Real Estate News for Investors, Kathy Fettke breaks down the proposed No Tax on Home Sales Act, why it’s gaining support from industry leaders, and how it could impact inventory, affordability, and home equity cash-outs. With 1 in 3 U.S. homeowners sitting on gains above current tax exclusions, this bill could reshape the way Americans sell—and buy—homes.

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Source: https://www.realtor.com/advice/finance/greene-capital-gains-home-sales-bill/