More Homes on the Market Act
Sponsored By: Senator Cornyn, John [R-TX]
Introduced
Summary
Raises the exclusion for gain on a principal residence and adds inflation indexing. This bill would increase how much profit homeowners can exclude from taxable income when they sell their main home.
Show full summary
- Single homeowners would be able to exclude up to $500,000 of gain, up from $250,000 now.
- Married couples filing jointly would see the exclusion rise to $1,000,000, up from $500,000 now.
- The bill would begin indexing those dollar limits to the cost-of-living for taxable years beginning after 2025, and the higher limits would apply to sales and exchanges after enactment.
Your PRIA Score
Personalized for You
How does this bill affect your finances?
Sign up for a PRIA Policy Scan to see your personalized alignment score for this bill and every other piece of legislation we track. We analyze your financial profile against policy provisions to show you exactly what matters to your wallet.
Bill Overview
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
Higher tax exclusion for home sales
If you sell your main home and meet the ownership and use tests for a qualifying sale, you would be able to exclude more profit from tax. Single filers would see the exclusion rise from $250,000 to $500,000. Married couples filing jointly would see the exclusion rise from $500,000 to $1,000,000. These changes would apply to qualifying sales and exchanges after the bill is enacted. Starting with tax years that begin after 2025, both limits would be adjusted annually for inflation using the cost-of-living measure (with 2024 substituted into the calculation) and any increase not a multiple of $100 would be rounded down to the nearest $100.
Sponsors & CoSponsors
Sponsor
Cornyn, John [R-TX]
TX • R
Cosponsors
Sen. Bennet, Michael F. [D-CO]
CO • D
Sponsored 12/3/2025
Sen. Daines, Steve [R-MT]
MT • R
Sponsored 12/3/2025
Sen. Schiff, Adam B. [D-CA]
CA • D
Sponsored 12/3/2025
Sen. Barrasso, John [R-WY]
WY • R
Sponsored 12/3/2025
Sen. Kelly, Mark [D-AZ]
AZ • D
Sponsored 12/3/2025
Sen. Lee, Mike [R-UT]
UT • R
Sponsored 5/11/2026
Sen. Kennedy, John [R-LA]
LA • R
Sponsored 5/12/2026
Roll Call Votes
No roll call votes available for this bill.
View on Congress.gov