No Tax on Home Sales Act
In committee: it can still change before the session ends.
- Stage
- In committee
- Started in
- House
- Sponsors
- 8
- Latest action
- Jan 21, 2026
What it does
The No Tax on Home Sales Act would amend the Internal Revenue Code to remove the dollar limits on the exclusion of capital gains from the sale of a principal residence, allowing homeowners to exclude all such gains from federal income tax. It would affect individuals selling their primary homes by eliminating current caps—$250,000 for single filers and $500,000 for married couples filing jointly—on tax-free gains. The bill also makes conforming changes to related provisions and would apply to home sales occurring after its enactment.
No official summary is available here. This one was written by AI from the bill’s text.
Where it stands
Introduced (Done)
Committee (Current step)
Floor (Not started)
Law (Not started)
What moved
Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
Where it goes next
While a bill can still move, the questions are about people and money.