IRS Polls Public on Home Price Tax Data Collection
Published Date: 3/17/2026
Notice
Summary
The IRS wants your thoughts on how it collects info about home prices used for tax rules under Section 143. This affects homeowners, buyers, and tax pros who deal with average area and nationwide purchase prices. Comments are due by May 18, 2026, so jump in now to help shape simpler, clearer rules without extra paperwork or costs.
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
IRS Provides Nationwide Purchase Prices
The IRS, via Revenue Procedure 2025-18, provides issuers of qualified mortgage bonds (section 143(a)) and issuers of mortgage credit certificates (section 25(c)) with (1) a nationwide average purchase price for residences in the United States and (2) average area purchase price safe harbors for statistical areas in each State, the District of Columbia, Puerto Rico, the Northern Mariana Islands, American Samoa, the Virgin Islands, and Guam. The notice says the affected public is State, Local, and Tribal Governments, estimates 60 responses at 15 minutes each (15 total annual burden hours), and invites comments received on or before May 18, 2026.
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