No Tax on Home Sales Act

This bill would change the tax rules for selling your main home. It removes the dollar cap on how much profit from the sale can be excluded from income taxes. In plain terms, it aims to make all gains from selling your primary residence tax-free, instead of being limited to a set amount. It keeps the basic rule that you must meet a two‑year requirement tied to owning and living in the home. These changes would apply to sales that happen after the bill becomes law.

Key points:

• Who is affected: People selling their primary residence (main home).
• What changes: Removes the dollar limit on the tax-free amount and updates related cross‑references; the two‑year rule remains in place.
• When it starts: For home sales that occur after the bill is enacted into law.