TAX NEWS

Bill H.R.7024 – Tax Relief for American Families and Workers Act of 2024Not Yet Passed
Introduced 1/19/24

Info – Congress.gov
Info – Wolters Kluwer
More Homes on the Market Act
Increase exclusion of gain from sale of principal residence.
Single filing: current $250,000 new: $500,000
Married filing Joint: current $500,000 new: $1,000,000
Not Yet Passed
Introduced 3/1/2023

Info – Congress.gov