Will a 3.8 percent tax be imposed on every home sale? In a word: no. Read more on Q&A Fridays with Jason.
An e-mail is making the rounds, stating: "did you know that if you sell your house after 2012 you will pay a 3.8% sales tax on it? That's $3,800 on a $100,000 home." Is this true? The answer is yes, but only for people with incomes above $200,000 and who sell their home for a gain [...]
Taxpayers who have claimed the homebuyer tax credits over the last couple of years may have to repay some of the credit, starting with 2010 tax returns. The rules differ depending on which credit you claimed. $7,500 Credit for Home Purchases Between April 8, 2008 and December 31, 2008 The original First-Time Homebuyer Credit was a [...]