Bad Info on the Web Just Never Goes Away

The new healthcare Law does NOT impose a new tax on the sale of your home as spread over the web lately. The new law imposes a 3.8% tax for those in the top brackets on “unearned income.” This will not impact the exclusion on capital gains from the sale of a primary residence up to $250k for individuals and up to $500k for couples which is the same it has been. The 3.8% tax will only apply to capital gains above that.