Could Capital Gains Taxes On Home Sales Go Away?

A proposed change could shake up how, and when, homeowners sell

Author

Mike Ugarte
August 08, 2025 • Estimated Reading Time: 3 minutes

What’s Going On

President Trump this week said he’s “thinking about” backing legislation that would eliminate federal capital gains taxes on home sales, a major shift that hasn’t happened in 30 years.

While this is far from law, it’s a proposal worth watching, especially in markets like Pembroke Pines, where home values have climbed steadily for decades and long-time owners are sitting on serious equity.

Read the article here:
👉 Read the CBSNews.com article here

What’s In the Proposal

Here’s a quick breakdown of what in the article:

  • The current law lets you exclude up to $250K in gains (single filer) or $500K (joint filer) from taxes on the sale of a primary residence.

  • That cap hasn’t changed since 1997 even as home values have doubled (or tripled) in some areas.

  • The proposed bill, introduced by Rep. Marjorie Taylor Greene, would eliminate capital gains tax on home sales altogether.

  • The idea: Unlock housing inventory by making it easier for longtime owners (especially seniors) to sell without a tax hit.

Why It Matters Here in Pembroke Pines

  • Homeowners in neighborhoods like SilverLakes, Towngate, and Pasadena Estates who bought 20+ years ago could easily surpass the $500K gains threshold.

  • Many of these long-term owners are “stuck” not wanting to sell and take a huge tax hit.

  • More freedom to sell could loosen up inventory, especially in the mid range single family segment.

  • But there’s debate: Critics argue this would mostly benefit wealthier homeowners and invite more investor speculation, driving up prices.

Bottom Line:

This proposal isn’t law yet.

But if it moves forward, it could have big implications for our local market.

  • For longtime homeowners, it could mean finally cashing out without penalty

  • For buyers, it could mean more homes hitting the market.

  • For investors, it might signal another reason to dive back in.

If you're sitting on equity and unsure whether to sell or hold now’s a good time to talk with your CPA or real estate advisor.

Want a breakdown of how this could affect your home specifically?

Hit reply.

We’ll run the numbers.