HR7034119th CongressWALLET

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.

Sponsored By: Representative Goldman (TX)

Introduced

Summary

Eliminates the dollar limit on the tax exclusion for gains from selling a primary residence. This bill would amend Internal Revenue Code section 121 by removing the dollar-limit provisions and making conforming edits to subsection 121(c), so homeowners could exclude gains from the sale of their main home without a numeric cap. The change would apply to sales and exchanges after enactment.

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 1 benefits, 0 costs, 0 mixed.

Bigger home-sale tax exclusion for homeowners

If enacted, this bill would remove the dollar cap on the exclusion of gain when you sell your main home. For sales and exchanges after the date of enactment, you would be able to exclude more profit from your federal taxable income. This would lower the federal tax you pay if your gain is larger than the old limit.

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Sponsors & CoSponsors

Sponsor

Goldman (TX)

TX • R

Cosponsors

  • Haridopolos

    FL • R

    Sponsored 1/20/2026

  • Rep. Biggs, Andy [R-AZ-5]

    AZ • R

    Sponsored 1/21/2026

  • Evans (CO)

    CO • R

    Sponsored 1/27/2026

  • Williams (TX)

    TX • R

    Sponsored 2/10/2026

  • Jackson (TX)

    TX • R

    Sponsored 2/17/2026

  • Rep. Hurd, Jeff [R-CO-3]

    CO • R

    Sponsored 3/25/2026

Roll Call Votes

No roll call votes available for this bill.

View on Congress.gov

Live Policy Activity

Live

Surfaced from PRIA's policy knowledge graph — ranked by signal strength, connected by evidence.

Live · 10h ago15,853Bills1,439Wiki4 signals surfaced
Now TrackingHR8495
Moving· 5 days in stage

Financial Services and General Government Appropriations Act, 2027

Rep. Joyce, David P. [R-OH-14] (R-OH)
IntroducedApr 24
Cmte Reported
Passed Origin Chbr
Passed Second Chbr
Resolving Diffs
Enrolled
Became Law
Current StageIntroduced· 5d

Appropriations package that would fund Treasury and IRS while imposing rulemaking limits and detailed DC policy constraints, affecting taxpayers, community lenders, and DC residents.

How These Connect

· reasoned by PRIA's knowledge graph
Graph Connectionextracted100% confidence
Financial Services and General Government Appropriations Act, 202740 U.S.C. § 6111 — Supreme Court Building

$207,039,000, of which $1,500,000 shall remain available until expended. In addition, there are appropriated such sums as may be necessary under current law for the salaries of the chief justice and associate justices of the court. care of the building and grounds For such expenditures as may be necessary to enable the Architect of the Capitol to carry out the duties imposed upon the Architect by 40 U.S.C. 6111 and 6112 under the direction of the Chief Justice, $18,093,000, to remain available until expended.

Graph Connectionextracted100% confidence
Financial Services and General Government Appropriations Act, 20273 U.S.C. § 106 — Assistance and services for the Vice President

vernment, $8,000,000, to remain available until expended. Special Assistance to the President salaries and expenses For necessary expenses to enable the Vice President to provide assistance to the President in connection with specially assigned functions; services as authorized by 5 U.S.C. 3109 and 3 U.S.C. 106, including subsistence expenses as authorized by 3 U.S.C. 106, which shall be expended and accounted for as provided in that section; and hire of passenger motor vehicles, $6,015,000.

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