David M.Green Bookkeeping and Tax Service -
RSS

Recent Posts

ACA FORMS WON'T BE REQUIRED FOR FILING INDIVIDUAL INCOME TAX RETURNS
2018 Tax Filing Season Begins Jan. 29, Tax Returns Due April 17
Standard Mileage Rates for 2018 Up from Rates for 2017
Senate Passes Tax Reform Bill
IRS Announces 2018 Pension Plan Limitations; 401(k) Contribution Limit Increases to $18,500 for 2018
powered by

My Blog

Late-year tax planning is often a matter of reviewing your inflows and outflows.

For instance, income from capital gains can be subject to both capital gains tax and the 3.8% Medicare surtax. To offset capital gains, you might sell investments that have lost value since you purchased them. Net capital losses can be used to reduce ordinary income by up to $3,000. A tax-saving examination of your portfolio is also a good time to rebalance your holdings between asset classes.

0 Comments to Late-year tax planning is often a matter of reviewing your inflows and outflows. :

Comments RSS

Add a Comment

Your Name:
Email Address: (Required)
Website:
Comment:
Make your text bigger, bold, italic and more with HTML tags. We'll show you how.
Post Comment