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119-hr-7034119th 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, Craig A. [R-TX-12]

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.

Sponsors & CoSponsors

Sponsor

Goldman, Craig A. [R-TX-12]

TX • R

Cosponsors

  • Rep. Haridopolos, Mike [R-FL-8]

    FL • R

    Sponsored 1/20/2026

  • Rep. Biggs, Andy [R-AZ-5]

    AZ • R

    Sponsored 1/21/2026

  • Rep. Evans, Gabe [R-CO-8]

    CO • R

    Sponsored 1/27/2026

  • Rep. Williams, Roger [R-TX-25]

    TX • R

    Sponsored 2/10/2026

  • Rep. Jackson, Ronny [R-TX-13]

    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
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