Reducing Your Capital Gains Tax

Besides paying income tax and payroll tax, persons who buy and sell personal and investment assets also have to work with the capital gains tax system. Capital gain rates can be about as much as regular income taxes. The good news is there are ways to keep them as low as possible.

Here are handy tips to help you reduce your capital gains tax:

Wait a year (at least) before selling.

For capital gains to qualify for long-term status (and a tax rate cut), wait for at least one calendar year before you sell your property. Depending on your tax rate, you may save from 10% to 20%. For instance, if you sell stock where the capital gain is $2,000, belong to the 28% income tax bracket, and have held the stock for over a year, you’ll have to pay 15% of $2,000 on the … Read More

How to Pick the Right Capital Gains Tax Calculator

Anyone who has experienced doing capital gains tax calculations know how daunting the task can be. The calculations can give you headaches and not doing it properly can cost you some money and might destroy your business reputation. You must try your very best to do the calculations without any error. Failing to do it properly results to bad consequences. Now, the good news is there are awesome software developers out there who have created capital gains tax calculators which can make our life a lot easier. If you are a landlord, then you should get a capital gains tax calculator.

What capital gains tax calculator can do is that it puts you firmly in control and you will be able access information that is important for planning and managing your business profits, including tax liability. More and more people today … Read More

What You Need to Learn about Passive Investing

If you wish to get some money, it brings sense for you to simply venture into different jobs. However, your body has its own limits and you could never just do some overtime jobs every day. If you want to work next day, you should get some rest. If you want a new mode of earning, you would surely decide to have passive investing. You would surely decide to invest this time if you are motivated by others to earn big bucks while waiting at the comfort of their homes. Though it may sound surreal at first but passive investing has made a lot of people rich.

You may be excited to go directly investing at the stock market but if you do not want to experience your first loss, you better invest in a company that knows the game. Such company … Read More

What Is Passive Investing?

In most instances, when people hear of the word passive investing, the first thing that comes into their minds is real estate. Yet, anyone who has owned an apartment or rental home knows that there is no such thing. You need to collect rent, do repairs to the property, pay taxes and the list goes on. And all this requires work. So with regards to retirement investment, it just become common to think that it is essential to be hands-on with it.

So what actually is meant by passive investing?

Number 1. Owning markets – a passive investor is not concerned with the performance of a particular company over the other with regards to stock price. Say that it’s a well capitalized company and represented in broad index at the same time, the secret is to own it and all its peers.

Number 2. Own asset … Read More