HR. 7034In Committee
To amend the Internal Revenue Code of 1986 to eliminate the dollar limitations on the exclusion of gain from sales of principal residences, and for other purposes.
Amends the tax code to remove the dollar caps on excluding capital gains from sales of principal residences
Plain-English overview
What this bill does
Amends the tax code to remove the dollar caps on excluding capital gains from sales of principal residences
Key points
- Amend capital gains exclusion limits
Current status
Where it stands
Status
In Committee
Latest action
2026-01-13 — Referred to the House Committee on Ways and Means.
Related context
Topics and policy areas
undefinedTaxation