Ever dreamed of selling your house and not giving the IRS a haircut off the top? Rep. Marjorie Taylor Greene just tossed that fantasy onto Capitol Hill with a bill to kill capital‑gains tax on primary homes, ­a proposal that could have empty‑nesters sprinting to Zillow faster than you can say “cash‑out refi.”

Story: Greene’s freshly minted No Tax on Home Sales Act would scrap the federal capital‑gains hit on profits from selling your primary residence. Today, single filers dodge tax on the first $250K ($500K for married couples); everyone else forks over up to 20% of their gain. With roughly 29M households now above that shield, and seniors hardest hit, ­the bill claims to unlock inventory by removing the “sell‑and‑get‑soaked” fear factor. Think of it as a carrot the size of a McMansion aimed at retirees, downsizers, and anyone who’s accidentally become house‑rich since 2012.

So What? For investors and property managers, more listings equal breathing room: move‑up buyers finally list their three‑bed colonials, freeing supply for first‑time buyers, while freeing capital for retirees to become your next long‑term renters (or LPs in your latest fund). A higher churn of owner-occupied sales can also boost comps and transaction fees, great news if you flip, wholesale, lend, or live off refi volume. However, beware: eliminating the tax could spike prices in low-inventory markets, as newfound sellers demand top dollar for a truly tax-free windfall.

What’s Next? The bill faces a gauntlet: House Ways & Means mark‑ups (late July), Senate horse‑trading, and a White House still obsessed with revenue math. Watch bipartisan chatter around simply raising the exclusion (to $750K+), which could become the compromise path by Q4. If progress stalls, expect the idea to re‑surface as campaign red meat in 2026, ­and keep alternative exit strategies (1031s, installment sales) in your toolkit either way.

Source: Realtor.com

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