Trump administration discusses capital gains tax indexing for inflation, potentially reducing taxable gains and exempting home sales under $2M.
Macro & Markets ·
The Trump administration is discussing capital gains tax indexing for inflation, which would adjust the cost basis of assets upward by cumulative inflation before calculating taxable gains, potentially reducing tax liability on investment profits. The proposal also includes a potential exemption from capital gains taxes for home sales valued at $2 million or less. Further details on the policy are expected.