Real estate investors may soon pay more taxes on high-dollar transactions. President Joe Biden is asking for higher taxes on real estate transactions with gains of more than $500,000. The tax plan aims to help cover the $1.8 trillion American Families Plan, which pumps money into child care, paid family leave and education programs. However, financial experts say the tax hike may also put a strain on smaller investors.

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Joseph & Jackie Abramaitis
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