Tax Loophole Reminder

Tax Signing

This is something we intended to do later in the year but it seemed particularly appropriate given recent events.

Last April we wrote an article discussing a tax loophole available to middle-income earners who also happen to be sitting on some capital gains. You can read the details in the linked article but the basic idea is that it is possible to lock in a zero-percent tax rate by selectively harvesting some of your gains.

Ideally you’d do this in December when you have a clearer picture of what your 2013 income will look like. However, with equity prices just a few percentage points off their highs and with Congress potentially precipitating another financial crisis in just a few weeks by failing to raise the United States debt ceiling, now may not be such a bad time to harvest those gains.

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3 Comments on “Tax Loophole Reminder”

  1. John September 29, 2013 at 10:15 am #

    I call April 15th “time to feed the beast”.

    Like

    • Brian September 29, 2013 at 10:32 am #

      Sounds about right. But what I’m offering is a way to feed it less. 😉

      Like

  2. andoni18 October 9, 2013 at 6:00 am #

    I hate the moment I see this paperss!!! argggg!!!

    http://basamortua.wordpress.com/

    Like

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