No Tax on Home Sales Act: Ending the Capital Gains Trap

Mortgage Research Network Podcast · Jul 21, 2025 · 4m

Could selling your home trigger a hefty tax bill? In this episode, Tim Lucas and Craig Berry break down Congresswoman Marjorie Taylor Greene’s “No Tax on Home Sales Act,” which would eliminate the federal capital gains tax on primary-residence sales. You’ll learn:Current Rules: How the $250K (single) and $500K (joint) exclusions work—and why gains above those limits mean a 15–20% tax biteHomeowner Impact: Why 79% of Hawaiians and 64% of Washington homeowners could owe capital gains tax if they sold todayWealth & Mobility: How steep tax bills can trap long-time owners—delaying downsizing and…