HR 7034
To amend the Internal Revenue Code of 1986 to eliminate the dollar limitations on the exclusion of gain from sales of principal residences, and for other purposes.
Jurisdiction
US Congress
Session
119th Congress (2025-2026)
Last updated at
Jun 14, 2026, 4:02 AM
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
This bill would remove the limits on how much profit taxpayers can exclude from their income when selling their primary residence. Currently, there are restrictions on the amount of profit that can be excluded, but this legislation would eliminate those limitations entirely. The bill also makes some technical changes to the tax code to align with this change. It aims to simplify the process of excluding gains from the sale of a primary residence.
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