The Trump administration is reportedly looking at updating rules and limits around the capital gains tax limitations on home sales—a longstanding issue in real estate. On Fox Business recently, host and former National Economic Council director Larry Kudlow said he had spoken to President Trump about potential changes to capital gains taxes on home sales…

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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…

The post New Bill Would Remove Capital Gains Taxes for Most Homesellers appeared first on RISMedia.

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