capital gains

2015 Tax Planning – Capital Gain Taxes and Tax-Deferred Accounts


This is another article in my 2015 tax planning snapshot series where I provide some quick and easy-to-implement tips on reducing your tax liability in the year ahead. If you invest in actively managed ETFs or mutual funds, looking for a higher than average (vs index fund) return, make sure you do it as tax […]

Read the full article →

Capital Gains Tax Rates – A Double Dose of Taxes on Your Investment Returns


[January 2013 update following Fiscal Cliff Deal] With legislation now in place to avert the fiscal cliff many investors will be breathing a sigh of relief as the tax rates on capital gains, dividends on investments did not rise as much as expected. A lot of pundits were forecasting that rates on investment income could […]

Read the full article →

2013 Tax Rates and Brackets, Standard Deduction and Personal Exemptions Updated in Federal IRS Tax Table


[Updated with 2013 IRS inflation adjusted tax brackets and fiscal cliff changes] Congress and the Obama administration’s fiscal cliff deal (ATRA act) means that 2013 federal tax rates will remain fixed for nearly 99% of the population. Only those earning above $450,000/$400,000 (married/single) AGI will have a higher federal marginal tax rate in 2013, relative to 2012 levels. […]

Read the full article →

How You Can Get a 14% Effective Tax Rate Like Mitt Romney and Other Super-Rich Americans

1 comment

GOP presidential candidate Mitt Romney and his wife paid a 14% effective income tax rate in 2010 on nearly $22 million of income. Given the marginal federal income tax rate for anyone making over $35,350 (single) or $70,700 (married) is higher than 15%, it is pretty clear that the Romney’s are paying way below what […]

Read the full article →

2017 Capital Gains Tax – Short and Long Term Rates Plus Other Factors to Consider


When you sell a capital asset like a stock or a home you own, the difference between the amount you sell it for and what you paid for it (cost basis) is classified as a capital gain or a capital loss. Capital gains and losses are further classified as long-term or short-term, depending on how […]

Read the full article →

Taxes and Gains I Can Exclude When Selling My Home


Following my recent post on Tips for Selling your Home, I received a reader email asking me to clarify the tax consequences of selling their home and what the potential liability/capital gain implications would be. Based on what the IRS says, here are the key tax facts to keep in mind around figuring your gains. […]

Read the full article →

Capital Gains and Losses : Tax Facts and Figures


Here are some useful facts & figures to be aware of, from various IRS publications, when it comes to capital gains and losses. Also included are the latest CGT deduction and tax rates. Almost everything you own and use for personal or investment purposes is a capital asset. Examples are your home, investment properties, stocks, […]

Read the full article →