New Bill Would Remove Capital Gains Taxes for Most Homesellers — RISMedia

Capital gains taxes—the tax on profits received from the sale of an asset like a home—are one of the biggest costs to homesellers, especially more and more those who exceed the IRS exclusions in the wake of today’s rising home prices. One congressman is hoping to change that. A new bill, the “Don’t Tax the American Dream Act,” introduced on Tuesday,…