Millions of homeowners could finally get a tax break that’s been frozen since 1997

A bipartisan bill would double the capital gains tax exclusion for home sellers, a move supporters say could convince more owners to put their homes on the market.

[Source photo: Song_about_summer/Adobe Stock]

BY Anna-Louise Jackson

Baby boomers and other Americans who have been staying put in their homes for decades could get some encouragement to finally sell, thanks to two nearly identical bills in the House and Senate that are gaining more bipartisan traction.

Congress has been weighing a pair of bills, both dubbed the More Homes on the Market Act, that propose........

© Fast Company