Charity Tax Breaks If You’re Over 70.5 Years

by | May 1, 2016 | Tax Planning

Direct Charitable Distribution From IRAs Taxpayers over 70 ½ years old can now make $100,000 per year direct tax ­free distributions from their IRAs to their choice of qualified charitable organizations, regardless of their Adjusted Gross Income (AGI). These transfers...

Timing Is Helpful When Selling Investments

by | Jan 15, 2016 | Tax Planning

Capital Gains Tax   Capital Gains and Dividends tax rates increased from 15% to 20% for taxpayers with taxable income in excess of the thresholds mentioned above ($400,000 for single filing status, etc). Net capital gains from selling collectibles such as coins...

Timing The Sale On Lossing Stocks

by | Jan 1, 2016 | Tax Planning

Timing The Sale On Lossing Stocks       Wash Sale Rule   Under the “wash sale” rule that applies to the disposition of an asset when a loss is recognized,the IRS doesn’t permit taxpayers deduct the loss if they repurchase the same or identical investment during...