The decision to sell this investment now or wait until next year is becoming more and more important. Tax rates across the board will likely start to increase in 2011 with long-term capital gains tax increasing at least 5% from 15% to 20% or even higher. Therefore, it is strongly advised to review your portfolio and the impact that a transaction will have on your tax liability, if any. Read More.
It is almost a certainty that tax rates across the board will begin increasing come January 1, 2011. Ordinary income tax rates will increase 3-5% for those in the 31% to 39% tax bracket, the dividend tax could jump from 15% to 39.6%, & long-term capital gains tax could go from 15% to 20% or even higher. As we head closer to January 1st, it is becoming more and more important to start accelerating income and deferring deductions. Read More.
Dividend tax rates will be going up but the big question is by how much? Then, there is the logical follow-up question, what should you do to prepare for the inevitable tax rate hike? Read More.
The tax questions coming from couples facing a divorce & other life-changing events have been on the rise so we thought it would be wise to take a step back & answer some of the most common questions. As always, you can send your tax questions to our network of tax experts if you need personalized tax advice. Read More.