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The specific share identification method for cost-basis elections provides the most opportunities for tax-loss selling or gain harvesting because it allows you to cherry-pick specific lots of a ...
Learn more about tax breaks for folks over 50 with these commonly asked questions. And take a look at our growing library of personal finance guides that can help you earn money, save money and ...
The lower rate on long-term capital gains, compared to the rate on ordinary income, is regarded by the political left, such as Sen. Bernie Sanders, as a "tax break" that excuses investors from paying their "fair share", [19] [25] or a "tax expenditure" that government could elect to stop spending. [26]
Another big change this year is tax breaks for electric cars. “What's changed this year is literally right at the dealership. You can get the tax credit federally of up to $7,500 for a new car.
The top marginal tax rate on income of 39.6%, provided for under the expiration of the 2001 portion of the Bush tax cuts, was retained. This was an increase from the 2003–2012 rate of 35%. [3] The top marginal tax rate on long-term capital gains of 20%, provided for under the expiration of the 2003 portion of the Bush tax cuts, was retained.
The Earned Income Tax Credit is one of the most popular tax credits Americans use -- but, according to the IRS, more than 20% of eligible taxpayers don't claim the credit. ... The Today Show. Dick ...