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119-hr-9064119th CongressWALLET

To amend the Internal Revenue Code of 1986 to temporarily increase the capital gains exclusion for any qualifying senior who sells a principal residence during a qualifying year, and for other purposes.

Sponsored By: Representative Malliotakis, Nicole [R-NY-11]

Introduced

Summary

Temporarily raises the capital gains exclusion for qualifying seniors selling their principal residence. The bill would apply to sales from 2027 through 2030 and targets homeowners age 65 or older who owned their main home for at least 25 years.

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  • Single seniors (age 65+) would see the exclusion increase from $250,000 to $1,000,000 for a qualifying sale.
  • Married couples filing jointly where either spouse is age 65 or older would see the joint exclusion rise from $500,000 to $1,000,000.
  • Seniors who are married but file separate returns would get a $500,000 exclusion instead of $250,000.
  • To qualify the home must be the seller’s principal residence and owned for at least 25 years.

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Bill Overview

Analyzed Economic Effects

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

Bigger home-sale tax break for seniors

This bill would let some seniors exclude more profit when they sell their main home. You would qualify only if you were at least 65 on the sale date and owned the home at least 25 years. For sales after December 31, 2026 and before January 1, 2031, an unmarried qualifying senior could exclude up to $1,000,000 instead of $250,000. Married couples filing jointly where either spouse is a qualifying senior would use $1,000,000 in places that now use $500,000. A qualifying senior who is married and files separately would get a $500,000 exclusion instead of $250,000. If you do not meet these age, ownership, or date rules, the usual $250,000/$500,000 limits would still apply.

Sponsors & CoSponsors

Sponsor

Malliotakis, Nicole [R-NY-11]

NY • R

Cosponsors

  • Rep. Lawler, Michael [R-NY-17]

    NY • R

    Sponsored 8/27/2026

Roll Call Votes

No roll call votes available for this bill.

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