Tag Archives: Capital Gains

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.

A Tax Loophole for the Middle Class

Tax Signing

If you’re a U.S. citizen then you probably already know that today is tax filing day. We wanted to be among the first to say, lucky you. More than that, though, we’re here to help take the sting out of the occasion by offering an observation that may make these days a bit less taxing in the future.

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