Planning to sell some investments this year? It’s less likely to affect your 2023 tax bill, experts say. Here’s why: The IRS made dozens of inflation adjustments for 2023, including the long-term capital gains brackets, applying to investments held for more than one year. This means you can have more taxable income before reaching the 15% or 20% brackets for investment earnings. Read More
.Just as a second medical opinion can influence your health outcomes, a second opinion on your taxes can find significant savings and impact your financial well-being. Read More
.Just as a second medical opinion can influence your health outcomes, a second opinion on your taxes can find significant savings and impact your financial well-being. Read More
Despite diligent efforts to minimize tax burdens, there may still be hidden opportunities to save thousands of dollars in taxes. Read More
The budget’s new taxes and tax increases fall into three broad buckets: higher taxes on wage income, higher taxes on investment income, and higher business taxes. Read More
AI is making huge strides in understanding our world and the undisputed leader is ChatGPT by OpenAI. So we asked it what it thought the biggest hurdles were for taxes in real estate. It turned out it had a pretty good understanding of what it was looking at. Here's its response. Read More
The growth of M2—a measure of money supply in the economy that includes currency in circulation, balances in retail money-market funds, and savings deposits, and more—had been slowing over the past two years after a surge in 2020, but December numbers show a decline. Read More
The Inflation Reduction Act (IRA) would reduce long-run economic output by about 0.2 percent and eliminate about 29,000 full-time jobs while reducing average after-tax incomes across every income quintile Read More
You may be able to take advantage of a popular tax break that allows you to defer payment of any capital gains taxes due on the sale or maybe entirely avoid them. Read More
Good faith efforts are not enough, because lurking in the regulations are numerous procedures that have to be followed to achieve a successful deferred exchange. Read More
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