{"id":820,"date":"2012-07-30T09:34:09","date_gmt":"2012-07-30T14:34:09","guid":{"rendered":"http:\/\/hoorfarlaw.com\/blog\/?p=820"},"modified":"2012-07-30T09:34:09","modified_gmt":"2012-07-30T14:34:09","slug":"the-3-8-medicare-surtax-wont-apply-to-all-home-sale-profits-after-2012","status":"publish","type":"post","link":"https:\/\/hoorfarlaw.com\/blog\/?p=820","title":{"rendered":"The 3.8% Medicare surtax won&#8217;t apply to all home sale profits after 2012"},"content":{"rendered":"<p><a href=\"http:\/\/hoorfarlaw.com\/blog\/wp-content\/uploads\/2012\/07\/taxdebt.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-thumbnail wp-image-821\" title=\"taxdebt\" src=\"http:\/\/hoorfarlaw.com\/blog\/wp-content\/uploads\/2012\/07\/taxdebt-150x150.jpg\" alt=\"\" width=\"150\" height=\"150\" srcset=\"https:\/\/hoorfarlaw.com\/blog\/wp-content\/uploads\/2012\/07\/taxdebt-150x150.jpg 150w, https:\/\/hoorfarlaw.com\/blog\/wp-content\/uploads\/2012\/07\/taxdebt-300x300.jpg 300w, https:\/\/hoorfarlaw.com\/blog\/wp-content\/uploads\/2012\/07\/taxdebt.jpg 347w\" sizes=\"auto, (max-width: 150px) 100vw, 150px\" \/><\/a><\/p>\n<p>Many readers tell us they&#8217;ve received e-mails or read newspaper articles asserting that gains on all home sales will be hit by a 3.8% tax. This is incorrect.<\/p>\n<p>Most gains on sales of primary residences will be exempt. Only the portion of profits that exceeds the $250,000 or $500,000 exclusion will be subject to the tax. And only higher-incomers will owe the surtax\u2026singles with adjusted gross incomes over $200,000 or joint filer&#8217;s net investment income (including taxable capital gains) or the excess of the taxpayer&#8217;s adjusted gross income over the threshold amounts.<\/p>\n<p>But profits on sales of rentals and second homes may be hit by the surtax.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Many readers tell us they&#8217;ve received e-mails or read newspaper articles asserting that gains on all home sales will be hit by a 3.8% tax. This is incorrect. Most gains on sales of primary residences will be exempt. Only the &hellip; <a href=\"https:\/\/hoorfarlaw.com\/blog\/?p=820\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[133,132,134],"class_list":["post-820","post","type-post","status-publish","format-standard","hentry","category-general","tag-medicare","tag-surtax","tag-taxable-capital-gains"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/820","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=820"}],"version-history":[{"count":2,"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/820\/revisions"}],"predecessor-version":[{"id":823,"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/820\/revisions\/823"}],"wp:attachment":[{"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=820"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=820"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=820"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}