How does this bill help you? What does it mean to you? Well, currently if you sold your home and you made a profit ( capital gain) of say $ 1 million, for a married couple, $500,000 of the capital gain would be tax free, and the other $500,000 would be taxable income. After this bill passes, all of the $1 million profit would be tax free anything more than a million dollars would be taxed.