Image by Paul Brennan from Pixabay
July 11, 2025 - On Thursday, Congresswoman Marjorie Taylor Greene (GA-14) introduced the No Tax on Home Sales Act—a bold proposal to eliminate the federal capital gains tax on the sale of primary residences. This commonsense reform delivers critical tax relief to homeowners and helps increase housing supply nationwide.
“Families who work hard, build equity, and sell their homes should not be punished with massive tax bills,” said Congresswoman Greene. “The capital gains tax on home sales is an outdated, unfair burden—especially in today’s housing market, where values have skyrocketed. My bill fixes that.”
Currently, the IRS allows an exclusion of up to $250,000 ($500,000 for joint filers) in capital gains from home sales, but those limits haven’t been updated since 1997. As home prices have risen, more middle-class homeowners are being hit with capital gains taxes that were originally intended for wealthy investors.
Congresswoman Greene’s bill would:
- Eliminate the federal capital gains tax on home sales
- Encourage mobility by removing a key disincentive to selling, helping to increase housing supply
- Deliver tax relief to homeowners looking to downsize or relocate without being penalized for appreciation
- Protect first-time buyers by improving inventory and lowering prices in the most constrained housing markets
“Homeowners who have lived in their homes for decades, especially seniors in places where values have surged, shouldn’t be forced to stay put because of an IRS penalty. My bill unlocks that equity, helps fix the housing shortage, and supports long-term financial security for American families,” Greene added.
The bill explicitly applies to individuals selling their primary residence and does not apply to home flippers or real estate investors.
Congresswoman Greene continues to lead on policies that strengthen American families, protect their financial futures, and restore fairness to the tax code.
Source: Congresswoman Marjorie Taylor Greene
