The More Homes on the Market Act Could Help You—and Others Too
Are you thinking about moving, but worried about paying taxes when you sell? You’re not alone. Right now, many homeowners face a tax bill just for selling their own home. But there’s a new law that could help: It’s called the More Homes on the Market Act.
This law is trying to fix a rule that hasn’t been updated in 28 years. Back in 1997, the government said you could keep a certain amount of profit from your home sale without paying taxes—$250,000 for individuals and $500,000 for couples.
But guess what? Home prices have tripled since then! And the tax-free limit stayed the same. Now, even regular people—not just the rich—are being taxed when they sell. That’s keeping many folks, especially seniors, from moving.
The More Homes on the Market Act would raise those limits and adjust them for inflation. That would help homeowners keep more of their hard-earned money and allow more homes to become available for buyers.
This isn’t just about taxes. It’s about helping families find homes and letting older homeowners move without losing their savings. The law could bring millions of homes back on the market—just when buyers need them most.
Help Make It Happen
Want to support the More Homes on the Market Act? You can take action today:
Visit www.house.gov or www.senate.gov.
Use your ZIP code to find your Congressperson or Senator.
Send a message saying: “I support the More Homes on the Market Act. It’s time to update tax rules for homeowners.”
Every voice counts. When you speak up, your elected leaders listen. Let’s help make housing fairer and easier for everyone.
Best, Heath
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