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Nest Egg Protection Act would raise capital gains tax exclusion for senior home sellers

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Rep. Nicole Malliotakis (R-N.Y.) has introduced federal legislation that would temporarily raise the capital gains tax exclusion to $1 million for senior homeowners who sell their longtime primary residences. The move aims to ease tax burdens on older Americans and free up inventory for younger homebuyers. The bill, H.R. 9064, known as the Nest Egg […]

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Missouri housing incentives bill hits Gov. Kehoe’s desk for sign-off

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Missouri lawmakers have passed legislation to spur housing development statewide – from downtown commercial corridors to rural communities – by establishing a new class of development zones, offering tax incentives to convert vacant buildings into housing and directing new revenue to underserved areas. The bill cleared its final hurdle on Wednesday and now awaits Gov.

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Missouri may expand its first-time homebuyer savings tax break

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Saving for a first home in Missouri is about to get a significant tax break – with a big if – provided the state Senate’s latest housing bill makes it through the House. Senate Bill 1001 passed the Senate this spring and now sits before a House committee. The bill includes a sweeping upgrade to

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Will new tax on ultra-luxury NYC homes derail red hot demand?

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New York Governor Kathy Hochul is reversing course and throwing support behind a proposed annual tax on high-end second homes in New York City. Hochul, who had previously resisted the measure, now says affluent property owners — particularly those with multimillion-dollar second homes — should help shoulder the burden of growing revenue gaps. The proposed

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What Washington state agents are seeing with new ‘millionaires tax’

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Washington state is entering a new policy era with its “millionaires tax” — targeting high-income earners who shape the luxury real estate market. The law imposes a 9.9% tax on annual income above $1 million, with implementation expected in 2028 pending legal challenges. For real estate professionals, the policy could spell shifts in client behavior,

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No exodus after all? Manhattan luxury market sales accelerate under Mamdani

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For months, some affluent New Yorkers warned they would leave if progressive policies took hold at City Hall. With Zohran Mamdani now mayor and debate intensifying over a possible city wealth tax or property tax increase, early market data shows no sign of a luxury exodus. Instead, Manhattan’s top tier appears to be accelerating. HousingWire

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New deduction may lower seniors’ Social Security tax burden

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The federal tax bill passed in mid-2025 includes a provision marketed as “no tax on Social Security,” but it does not eliminate taxes on benefits. Instead, the One Big Beautiful Bill Act expands deductions for older Americans, potentially reducing federal taxes for many retirees, a finance leader recently explained. A blog post by Luke Delorme

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New bill seeks elimination of capital gains tax on home sales

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Rep. Craig Goldman (R-Texas) introduced legislation this week, dubbed the Don’t Tax the American Dream Act, that would eliminate federal capital gains taxes on the sale of primary residences. “Americans are overtaxed. The Don’t Tax the American Dream Act repeals costly capital gains taxes on home sales so that Americans keep more of their hard-earned

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Congress passes law to extend tax deadlines after disasters

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Congress has passed a bill giving taxpayers who have been affected by natural disasters some extra time to file a claim for a tax credit or refund. Processing Content The bipartisan bill, known as H.R. 1491, the Disaster Related Extension of Deadlines Act, was sponsored by Rep. Gregory Murphy, R-North Carolina, and Jimmy Panetta, D-California,

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There’s no such thing as a Realtor tax: Here’s what they’re missing

Agent, Brokerage, Contributors, Housing Market, HWmember, Opinion, Real Estate, Tax /

Benjamin Franklin famously said that nothing in life is certain except death and taxes. When I saw a recent article by Robert Bork Jr. claiming that the affordability crisis is due to some sort of “Realtor® tax,” I stopped in my tracks. The only Realtor® tax I’m aware of is the 15% self-employment tax I’m

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