ANNE CANFIELD And JAMES CARTER: It’s Time To Modernize The Capital Gains Exclusion For Home Sales

The U.S. housing market is showing troubling signs of weakness—inventory is near historic lows, baby boomers are staying put, and mobility is stalled. A major reason? The outdated capital gains exclusion on home sales hasn’t been adjusted since 1997, despite a near-tripling of home prices. Modernizing this provision by updating the exclusion limits and indexing […]