ilmscore | Prediction Details
"track the capital gains exclusion to inflation see for those una aware back in 1997 a law was passed that allowed homeowners to keep up to $250,000 worth of profit if you're single or500 ,000 worth a profit if you're married completely taxfree on a primary residence however back then the median price of a home was only $124,000 versus today at $460,000 so if these values were adjusted accordingly to inflation homeowners today could see about a million dollars completely taxfree"
By Graham Stephan | February 3, 2025 | Pending
From video
It Started: How To Get Rich In The 2025 Market Reversal 00:14:17 - 00:14:48
Interpreted Prediction
It is proposed that the capital gains exclusion for primary residence sales should be adjusted for inflation. Currently capped at $250k (single) / $500k (married) since 1997, inflation-adjusted values could allow homeowners to keep approximately $1 million tax-free.

Prediction Details

Topic
Housing Affordability

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