savings - CAPATA CPA

Reduce taxes on your investments with these year-end strategies

March 8, 2023November 17, 2015

Reduce taxes on your investments with these year-end strategies While tax consequences should never drive investment decisions, it’s critical that they be considered — especially by higher-income taxpayers, who may be facing the 39.6% short-term capital gains rate, the 20% long-term capital gains rate and the 3.8% net investment income tax (NIIT). Holding on to an investment until you’ve owned it more than one year so the gains qualify for … Read more

Save tax- or at least defer it- by carefully timing business income and expenses

March 8, 2023October 27, 2015

Save tax- or at least defer it- by carefully timing business income and expenses The first step to smart timing is to project your business’s income and expenses for 2015 and 2016. With this information in hand, you can determine the best year-end timing strategy for your business. If you expect to be in the same or lower tax bracket in 2016, consider: Deferring income to 2016. If your business … Read more

Why you should contribute more to your 401(k) in 2015

March 8, 2023September 25, 2015

Why you should contribute more to your 401(k) in 2015 Contributing to a traditional employer-sponsored defined contribution plan, such as a 401(k), 403(b) or 457 plan, offers many benefits: Contributions are pretax, reducing your modified adjusted gross income (MAGI). Which can also help you reduce or avoid exposure to the 3.8% net investment income tax. Plan assets can grow tax-deferred — meaning you pay no income tax until you take … Read more

Reduce taxes on your investments with these year-end strategies

Save tax- or at least defer it- by carefully timing business income and expenses

Why you should contribute more to your 401(k) in 2015

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