Millions of Homeowners Could Finally Get a Tax Break That’s Been Frozen Since 1997
A bipartisan bill would double the capital gains tax exclusion for home sellers, a move supporters say could convince more owners to put their homes on the market.
A bipartisan bill would double the capital gains tax exclusion for home sellers, a move supporters say could convince more owners to put their homes on the market.
BELLINGS Intelligence Score: 15
Why it matters
The proposed bipartisan bill to double the capital gains tax exclusion for home sellers represents a notable policy change that could affect millions of homeowners and housing market liquidity, but it is primarily a fiscal/tax policy development with indirect credit-market impact and no immediate systemic or monetary-policy implications.
Sources
Inc.
Millions of Homeowners Could Finally Get a Tax Break That’s Been Frozen Since 1997
A bipartisan bill would double the capital gains tax exclusion for home sellers, a move supporters say could convince more owners to put their homes on the market.