How to gain from 2008 capital-gains tax change
How to gain from 2008 capital-gains tax change
Starting next year, the tax rate on long-term capital gains from sales of stocks, mutual funds and other securities is scheduled to drop to zero for taxpayers in the two lowest ordinary-income brackets. Financial planners say that additional taxpayers can gain from the change by reducing their taxable income through deductions, such as charitable donations or mortgage interest, or by investing more money in 401(k) plans and other tax-advantaged accounts.
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Starting next year, the tax rate on long-term capital gains from sales of stocks, mutual funds and other securities is scheduled to drop to zero for taxpayers in the two lowest ordinary-income brackets. Financial planners say that additional taxpayers can gain from the change by reducing their taxable income through deductions, such as charitable donations or mortgage interest, or by investing more money in 401(k) plans and other tax-advantaged accounts.
Read this article
posted by Victor Lloyd Smith @ 11:28 AM
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