President Biden’s capital gains tax proposal could be the biggest change to capital gains in nearly a century. His American Families Plan would tax unrealized capital gains at death for unrealized capital gains worth over $1 million ($2 million for married couples)....
capital gains
How to Avoid Paying Capital Gains Tax When You Sell Your Home
Taxes are an inevitable part of the process when selling your home, but a few strategies and in-the-know tips can help you minimize the amount you pay on your profits – also called capital gains tax. What Is Capital Gains Tax? When you sell property for more than you...
7 Tax Moves to Evaluate Before Year End
New tax legislation has been a looming possibly for the majority of 2017, with some new plans even coming to a vote in the latter part of the year. Nevertheless, taxpayers should focus their year-end tax planning around current legislation, since the proposals may undergo major changes before anything is passed. Below are seven key […]
President Trump’s Tax Plan vs. the GOP’s Plan & What That May Mean For You
Inauguration Day has come and gone, and the 45th President of the United States, Donald Trump, has officially taken office. Throughout his campaign, he made many claims about what he would do if elected; one notable claim being his plan to lower taxes. Now that his plan has taken full shape, it seems that President […]