06/24/2026
The National Association of Realtors is urging Congress to double the capital gains tax exclusion for home sellers, raising the limit from $250,000 to $500,000 for single filers and from $500,000 to $1 million for married couples.
The current limits, unchanged since 1997, mean nearly 13 million homeowners would face a tax penalty if they sold today, effectively locking them in place and reducing available housing supply. NAR president Kevin Brown testified before the Senate Banking Committee that raising the limits would free up housing inventory without requiring new construction.
