Скачать или смотреть Could This Tax Change Make You Richer?

Could This Tax Change Make You Richer?

A major shift could be coming for U.S. homeowners — and it has to do with how much you’d owe the government if you sell your house. Right now, if your home has appreciated significantly in value and you sell it, you might owe capital gains tax. But a new proposal from Donald Trump and other lawmakers could eliminate that tax entirely for home sales. That would mean huge savings, especially for people in high-cost real estate markets.

Let’s talk numbers: More than 1 in 4 homes in the U.S. have increased in value by $250,000 or more, and 8% have gained over $500,000. In a normal situation, if someone sells and has a $384,000 gain, they could owe around $20,000 in taxes. Under the new proposal? That bill could vanish.

The biggest winners? Homeowners in California and other expensive coastal states. In California alone, 62% of homes have gained at least $250,000, and a third are up over $500,000. In ultra-hot markets like San Jose and Anaheim, nearly 90% of homes have shot up more than $250,000 — and the median gain in San Jose is a staggering $851,000.

On the flip side, places like Mississippi, North Dakota, and Iowa won’t benefit as much, with fewer homes seeing those kinds of gains. The Midwest and South just haven’t seen the same housing price explosions.

This change could also open the floodgates for Boomers to finally sell their high-value homes since the tax hit would be gone. But don’t expect a wave of affordable homes to flood the market — it’ll mostly be high-end inventory. So, while it could ease supply in some ways, it’s not solving the starter home shortage.

Key takeaway: If this proposal passes, it could change the real estate game for millions — but mostly for those already sitting on pricey homes.