Trump aides float larger home-sale tax breaks as midterms approach

Trump officials floated potential tax breaks for owners selling their primary homes, including indexing capital gains for inflation and expanding the home-sale exclusion, but experts say any move before the midterms is unlikely and benefits would mainly accrue to wealthy homeowners. Since changes would require Congress, and time is tight, the administration’s proposals may not materialize soon, with analysts noting the current $250,000/$500,000 exclusion hasn’t kept pace with rising home equity.