Category: Tax and Financial News

2020 Tax Brackets, Deductions, Plus More - Jan. 01, 2020

Beginning on Jan. 1, 2020, the Internal Revenue Service (IRS) has new annual inflation adjustments for tax rates, brackets, deductions and retirement contribution limits. Note, the amounts below do not impact the tax filing you make in 2020 for the tax year 2019. These amounts apply to your 2020 taxes that you will file in 2021. […] read more

How to Defer, Avoid Paying Capital Gains Tax on Stock Sales - Dec. 01, 2019

The markets are hitting all-time highs, so if you are thinking of selling stocks now or in the near future, there is a good chance that you will have capital gains on the sale. If you’ve held the stocks for more than a year, then they will qualify for the more favorable long-term capital gains […] read more