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President Trump says he is looking at a Bill that aims to completely eliminate Capital Gains Tax from Home Sales
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President Trump says he is looking at a Bill that aims to completely eliminate Capital Gains Tax from Home Sales
- currently, homeowners can exclude up to $250,000 (single) or $500,000 (married filing jointly) of capital gains from taxation
- The proposal Trump is responding to, the More Homes on the Market Act, which aims to increase the capital gains exclusion from $250,000 to $500,000 for single taxpayers
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