Interest Rates

What you need to know before donating collectibles

What you need to know before donating collectibles If you’re a collector, donating from your collection instead of your bank account or investment portfolio can be tax-smart. When you donate appreciated property rather than selling it, you avoid the capital gains tax you would have incurred on a sale. And long-term gains on collectibles are subject to a higher maximum rate (28%) than long-term gains on most long-term property (15% … Read more

Mortgage Interest Rates- Act quick if you want to help your child buy a home

Mortgage Interest Rates- Act quick if you want to help your child buy a home Mortgage interest rates are still at historically low levels, but they’re expected to go up by year end. So if you’ve been thinking about helping your child — or grandchild — buy a home, consider acting soon. There also are some favorable tax factors for mortgage rates that will help: 0% capital gains rate. If … Read more