Home Sale Tax Exemption - Inflation Update?

[Scott Wehman]

I don't study legislation, but am curious as to whether there is any discussion by lawmakers around an updating of the nominal dollar amount ($500,000 for married couples filing jointly and $250,000 for singles) on the sale of your primary residence.

As we enter what many believe could become a highly inflationary macroeconomic environment, this exemption would become increasingly subject to erosion.

Any thoughts or resources out there?