Mountain Broker Podcast

Unlocking Inventory: The Bipartisan Proposal to Double the Capital Gains Exclusion on Home Sales

Steve Keefe Season 1 Episode 21

Use Left/Right to seek, Home/End to jump to start or end. Hold shift to jump forward or backward.

0:00 | 14:49

Explore the bipartisan push to update the 1997 tax code by passing the More Homes on the Market Act (H.R. 1340), which proposes doubling the capital gains exclusion to $500,000 for single filers and $1 million for couples. This legislation aims to eliminate the "stay-put penalty" that currently discourages long-time homeowners from selling due to potential tax liability, thereby freeing up housing inventory for new buyers and indexing future exclusions to inflation