Individuals with deceased spouses would get a larger tax break when selling their home.
The "Time to Heal Act" would help individuals whose spouse has passed away. It would let them exclude up to $500,000 of profit from the sale of their main home from taxes. This is double the usual amount for single filers, giving them the same benefit as married couples, no matter how long ago their spouse died.
Today, a single person selling their main home can typically exclude up to $250,000 of profit from taxes, while married couples can exclude $500,000. This bill would allow individuals whose spouse has passed away to also exclude up to $500,000 of profit from the sale of their main home, provided they meet certain conditions and have not remarried. This means they would get the same tax benefit as married couples, regardless of how long ago their spouse died.
HR 7349 · 119th Congress · February 4, 2026 · AI Summary by gemini-2.5-flash · 9/10
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Amounts reflect total quarterly lobbying spend reported to the Senate, not bill-specific spending. Source: Senate LDA filings.