Last week, Rep. Marjorie Taylor Greene (R-Ga.) introduced the No Tax on Home Sales Act, a proposal to eliminate the federal capital gains tax on the sale of primary residences. “Families who work hard ...
Representative Marjorie Taylor Greene, a Republican from Georgia, introduced a bill on Thursday that, if passed, would eliminate federal taxes on home sales. "No more taxing the American dream," she ...
More homesellers may incur a capital gains tax on their proceeds, the National Association of REALORS warns, due to the dizzying rise in home equity stakes over the last few years – and no changes to ...
The tax rule governing capital gains on home sales, which has remained unchanged since 1997, is causing a hidden home equity tax for millions of homeowners. Approximately 1 in 3 sellers currently ...
Not long after U.S. housing prices reached a record high this summer – the median existing home went for US$435,000 in June – President Donald Trump said that he was considering a plan to make home ...
The lodestar of the American Dream is homeownership. But the current housing market presents two opposite challenges. For new buyers, low inventory and high mortgage rates have made it harder to get ...
WASHINGTON — President Trump said Tuesday he is considering eliminating the capital gains tax on home sales — a potentially massive financial break for sellers. “We are thinking about no tax on ...
In comments to the press on Tuesday, President Donald Trump suggested he is considering eliminating capital gains taxes on the sale of homes. Soon afterwards, Rep. Marjorie Taylor Greene of Georgia ...
President Donald Trump on Tuesday signaled support for legislation eliminating a capital gains tax on home sales, suggesting a reform on the tax policy—which has gone unchanged for decades—that a ...
The federal exclusion—set at $250,000 for individual filers and $500,000 for joint—is the same today as it was in 1997. But home values across the U.S. have jumped more than 260% since then. That’s ...