4574 Market Street, Suite B - Ventura, CA 93003 | 805.477.4288 | 805-320-1206

Ventura County Real EstateEffective January 1, 2013, two new federal taxes were imposed.  These taxes are:

-A federal 3.8% sales tax which is intended to generate revenue to help fund the new Healthcare Reform and Medicare overhaul plans.  It may impose a 3.8% tax on some income from interest, dividends, rents and capital gains.  The tax will be applicable to individuals with an adjusted gross income above $200,000 and to couples filing a joint return wiith more than $250,000 adjusted gross income.

-A Medicare funding additional or alternative tax on earned income at a rate of 0.9%.  This will be imposed on adjusted gross income thresholds of $200,000 for an individual and $250,000 on a joint return.

 

Please visit www.Realtor.org/healthreform to learn more about these new taxes.