Rumor: There is a 3.8% federal tax on all home sales effective January 1, 2013.
************************************ According to a recent post by the Texas Association of Realtors and also information put out by the National Association of Realtors . . . . . Fact: Effective January 1, 2013, a 3.8% tax will be placed on some home sales, but not all home sales. Fact: From the sale of a primary residence, an individual making over $200,000 a year, will have to pay a 3.8% tax on any profits over $250,000. Fact: … (4 comments)
3.8% Tax on Real Estate Sales - Get the Facts
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