Looking to reduce your capital gains tax bill? Consider strategies such as holding investments for over a year to qualify for lower long-term capital gains rates, utilizing tax-loss harvesting to offset gains with losses, and investing in tax-advantaged accounts like IRAs or 401(k)s. Other ways to minimize capital gains taxes include donating appreciated assets to charity, taking advantage of the home sale exclusion, and spreading out sales over multiple years to stay within lower tax brackets. Consult with a financial advisor to find the best approach for your individual tax situation.
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Will there be a US recession?
Prior to Donald Trump's election win, the likelihood of his presidency causing a US recession seemed minimal, with the belief that he had a strong grip on economic matters. However, concerns are rising as his trade war threatens to drag the US economy into negative territory, leading to market declines and fears of a potential recession. Despite conflicting predictions, experts emphasize the impact a US recession could have on global finances and urge caution in...
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