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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Carol Duvall, ABR, SRS, SRES
Sales Representative
Making Your Real Estate Dreams Come True
Royal LePage Meadowtowne Realty Ltd, Brokerage
Mobile : 416-857-3749
Office : 905-878-8101