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… Read more »
[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… Read more »
[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… Read more »
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… Read more »
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… Read more »
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… Read more »
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… Read more »