09/27/2025
Home Equity Tax Takes Center Stage
As another high-profile bill, the No Tax on Home Sales Act, is introduced in Congress—joining the bipartisan More Homes on the Market Act—it’s clear that capital gains reform for home sales is surging to the forefront of the housing policy debate. The issue is even on President Trump's radar: In a recent Oval Office exchange, the president said, "We are thinking about no tax on capital gains on houses."
The issue centers on the 28-year-old capital gains threshold. Current law allows individuals to exclude from their taxable income up to $250,000 in gain on the sale of their house. Married couples filing jointly get a $500,000 exclusion.
With the increased attention to this issue, NAR has created a landing page for members and elected officials to learn more about our advocacy efforts. The landing page includes REALTOR® Magazine stories, policy briefs, and advocacy summaries on capital gains. The page also includes a handy map to see what percentage of homeowners are impacted under the current policy. To learn more, check out the link below.
