Congress·In Committee·S. 3332
More Homes on the Market Act
Senate Bill Would Double Home Sale Tax Exclusions to $500K Single, $1M Married
Part of: Congress Moves to Double Home Sale Tax Exclusions to $500K and $1M
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Stalled
No legislative action in over 90 days.
Legislative Progress
Senate
Key Points
- Raises the home sale profit you can exclude from federal taxes when selling your main home: from $250,000 to $500,000 for single filers.
- Raises the exclusion for married couples filing together: from $500,000 to $1,000,000 when selling a primary residence.
- Adds an inflation adjustment starting after 2025, so these dollar limits can rise over time instead of staying fixed.
- Could encourage more homeowners—especially long-time owners with big price gains—to sell without a large tax hit.
- Would likely reduce federal tax bills for some sellers, but mainly helps people whose home value has risen a lot since they bought it.
Impact Analysis
Personal Impact
How this policy affects specific groups of people
Mixed Impacts(2)
Positive Impacts(4)
Milestones
2 milestones2 actions
Dec 3, 2025
Read twice and referred to the Committee on Finance.
Sent to a congressional committee for expert review. The committee decides whether this bill moves forward.
Dec 3, 2025
Introduced in Senate
The bill was officially filed and given a number. It now enters the legislative queue.
Votes
No votes have been recorded for this legislation yet.
Source Information
Document Type
Congressional Bill
Official Title
More Homes on the Market Act
Bill NumberS 3332
Congress119th Congress
ChamberSenate
Latest ActionRead twice and referred to the Committee on Finance.
Data Sources
Sponsor
Cosponsors
(5)D: 3R: 2
Analysis generated by AI. Always verify with official sources.