Hi guys, this is Noel Dalmacio, your ultimate CPA at lowermytaxnow.com
Here’s a midyear tax planning tip for you
Take time this summer, to review, your investment portfolio, for potential tax savings. Here are some tax strategies you might want to incorporate:
1) Sell stocks that you bought and went down in value to offset your capital gains.
2) You can donate appreciated stock that you have owned for more than a year to charity. By doing this, you can avoid capital gains altogether – plus you will get a deduction for the stock’s fair market value. Sweet!
3) You can buy investments that pay tax-free income, such as municipal bonds
If you like to learn more, click the link lowermytaxnow.com and subscribe to my weekly blog.
Until then, this is Noel Dalmacio, your ultimate CPA at lowermytaxnow.com