Tax Tips Category
Will You Sell Your West Knoxville Home After 2012?
November 9th, 2011 categories: General, Real Estate Taxes, Sellers, Tax Tips
Are you considering selling your West Knoxville home? Would you rethink your decision if you knew after 2012 there would be a 3.8% sales tax on it? Under the new Health Insurance Reform, a 3.8% sales tax would be applied to some people who sell their homes starting on January 1, 2013.
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The Home Buyer Tax Credit Extension Has Not Been Passed Into Law (Yet)
June 18th, 2010 categories: Tax Tips
As its June 30, 2010 closing deadline approaches, the federal home buyer tax credit is back in the news.
Unfortunately, the headlines are misleading.
Contrary to what you may have read (or heard), the federal home buyer tax credit has not been extended past June 30, 2010. At least not yet. And here’s why there’s confusion.
Look at these headlines from earlier this week:
- Senate Extends Date On Home-Buying Tax Credit (Philadelphia Inquirer)
- U.S. Senate Approves Extension Of Home Buyer Tax Credit (NASDAQ)
- Senate Approves Home Tax Credit Extension (Reuters)
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