Tehachapi's Online Community News & Entertainment Guide
Tehachapi's Online Community News & Entertainment Guide
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Financial investments Pay attention to the changes in the capital gains tax rates for individuals and try to sell only assets held for more than 12 months. Consider selling stock if you have capital losses this year that you need to offset with capital gain income. If you plan to sell some of your investments this year, consider selling the investments that produce the smallest gain. Personal residence and other real estate Make your early January mortgage payment (i.e., payment due no later...
What are appropriate checklists for year-end tax planning? Tax planners often develop checklists to guide taxpayers toward year-end strategies that might help reduce taxes. Typically, suggestions are grouped into several different categories, such as “Filing Status” or “Employee Matters,” for ease of reading. When year-end approaches, it might be wise to review each suggestion under the categories that may apply to you. Filing status and exemptions If you’re married (or will be married b...
