HR 7400
Making Homeownership Affordable Again Act
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Bill overview
This bill, the Making Homeownership Affordable Again Act, aims to make homeownership more accessible by significantly expanding the tax benefits associated with selling a home. Specifically, it eliminates dollar limitations on the exclusion of capital gains from the sale of a principal residence and extends this benefit to sales made to first-time homebuyers. The bill modifies existing tax code sections to clarify eligibility and streamline the process for claiming these tax advantages.
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