Joyce Godwin

RE/MAX Elite Properties
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3.8% Tax on Real Estate Sales - True or False?

February 26th, 2012

The rumor that continues to circulate via the Internet and email inboxes is that there is a 3.8% federal tax on all home sales effective January 1, 2013.

However, the fact is that a 3.8% tax will be placed on some home sales, effective January 1, 2013, but not all home sales.

The tax will not affect individuals making less than $200,000 per year, nor married couples making less than $250,000 per year.

For more details and examples regarding the 3.8% tax on real estate sales, read the brochure published by the National Association of Realtors.

Source:  National Association of Realtors

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 Houston Association of REALTORS®

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