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Issue · Housing

Housing (Property Taxes · Seniors)

Every housing bill, vote, and legislator stance in United States, automatically classified by Maddy, our AI policy reader.

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119th Congress
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in committee · United States · House May 29, 2026

HR 9064: To amend the Internal Revenue Code of 1986 to temporarily increase the capital gains exclusion for any qualifying senior who sells a principal residence during a qualifying year, and for other purposes.

This bill proposes to temporarily increase the tax-free profit limit when seniors sell their primary homes between 2027 and 2030. Under the new rules, unmarried seniors aged 65 or older could exclude up to $1 million of gains, while married couples filing jointly could exclude up to $2 million if at least one spouse is 65 or older. To qualify for this benefit, the home must have been owned and used as a principal residence for at least 25 years prior to the sale.
Topics ✓ Budget & TaxesSupports Budget & TaxesBill provides tax relief by increasing the capital gains exclusion for seniors, reducing their tax burden.85% confidence ✓ HousingSupports HousingBill increases tax-free profit limits for seniors selling primary residences, facilitating easier access to capital for housing-related needs.85% confidence
Sub-Topics Property Taxes Tags Seniors