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United States · Bill · HR

H.R. 4254 (110th)

Fair Taxes for Seniors Act of 2007

referredUnited States· United States Congress· EN

Introduced

4 December 2007

Last action

Status

Referred to the House Committee on Ways and Means.

Sponsors

Subjects

Discovery layer

Source updated

14 August 2025

Summary

Fair Taxes for Seniors Act of 2007 - Amends the Internal Revenue Code to provide a one-time increase (from $250,000 to $500,000, or from $500,000 to $1 million for married taxpayers filing joint returns) in the exclusion of gain from the sale of a principal residence by a taxpayer who has attained the age of 50 before such sale. Provides that in the case of a joint return, only one spouse need satisfy the age requirement.

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Documents

3 official files

Introduced in House (text)

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