The rumor that continues to circulate via the Internet and email inboxes is that there is a 3.8% federal tax onallhome sales effective January 1, 2013.
However, the fact is that a 3.8% tax will be placed onsomehome sales, effective January 1, 2013, but not allhome sales.
The tax will not affect individuals making less than $200,000 per year, nor married couples making less than $250,000 per year.
Disclaimer: The views and opinions expressed in this blog are those of the author and do not necessarily reflect the official policy or position of the HRIS.