Understanding tax strategies and managing your tax bill should be part of any sound financial approach. Some taxes can be deferred, and others can be managed through tax-efficient investing. With careful and consistent preparation, you may be able to manage the impact of taxes on your financial efforts.
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You may have heard the phrase "tax-loss harvesting." A financial professional may be able to provide some guidance.
Not every investment will be a winner, but a strategy called tax-loss harvesting can potentially lower your tax bill.
While tax-loss harvesting won't eliminate your taxes, it may offset what you owe on your taxable investment accounts.
If your clients are buying or selling a home, use this to help them determine if they qualify for capital gains taxes.
Here are six flags that may make your tax return prime for an IRS audit.
Check out this handy reference of updated ranges from the IRS in case your designated bracket has changed.