Millions of homeowners could finally get a tax break that’s been frozen since 1997

Baby boomers and other Americans who have been staying put in their homes for decades could get some encouragement to finally sell, thanks to two nearly identical bills in the House and Senate that are gaining more bipartisan traction. Congress has been weighing two bills, both dubbed the More Homes on the Market Act, which propose doubling the amount of capital gains that taxpayers can exclude from their gross income when they sell their primary residence. By removing more of this tax penalt...