CONGRESS FOR VOTERS

RepublicanBill · H.R. 7349· House(119-HR-7349)

Time to Heal Act

Rep. Barrett
Age: 45 years
Michigan
Introduced
2/4/2026
Last activity
2/4/2026 — Referred to the House Committee on Ways and Means.
Sponsored by
Tom Barrett
Cosponsors
Republican - 1Democrat - 1
Taxation
  1. Introduced
  2. In Committee

What this bill would do

This bill, titled the "Time to Heal Act," aims to amend the Internal Revenue Code of 1986. It seeks to provide individuals with deceased spouses the same exclusion of gain from the sale of a principal residence as is currently allowed to married couples. This change would apply regardless of how much time has passed since the spouse's death. The amendment focuses on increasing the exclusion amount from $250,000 to $500,000 under specific conditions. It applies to sales and exchanges made in taxable years beginning after the Act is enacted.

Yes· 3 of 5

  • Would people over 65 be better off under this?+5

    The bill benefits surviving spouses who may be older individuals looking to sell their principal residence.

  • Would middle-income households be better off under this?+5

    The increased exclusion provides greater tax relief for middle-income homeowners selling their principal residence after a spouse's death.

  • Would retired people be better off under this?+5

    The bill provides significant tax advantages for retirees who are widowed and wish to sell their homes.

The opposite

No question was scored the opposite.