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The sale of real estate including your home or farm could be subject to Medicare taxes. The Affordable Care Act’s increased Medicare taxes are in effect now for tax year 2013. Some workers are wondering why their take home pay has been reduced. Part of the reason is the payroll (SS) tax cut has expired and the Fiscal Cliff fix did not reinstate this tax cut, this affects all wage earners from dollar one.

Download this guide for more information regarding Medicare and Retirement

 

The other part for higher wage earners may be the ACA mandated Medicare tax increases, these started January 1,2013.

 

 

The following graphics explain the 2013 Medicare taxes on earned income, unearned income and how the sale of real estate including your home or farm could trigger this tax.

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