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Finance: Fixed Income Security Investment: Types Of Fixed Income Investments..
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Preferred Stocks vs. Common Stocks. = // Types of Preferred Stocks... Why Do Companies Issue Preferred
Stock? = LEARN MORE HERE...
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'' How the Fed Keeps Track of Our Money Supply? // INVESTMENT'S SECRETS REVEALED, THE ABC's OF INVESTMENTS...
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Femkonsa Capital: Best Index Funds vs Best ETF"s = Exchange Traded Funds.
LEARN MORE HERE...
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Research & Learning -/
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Dividend Stocks: List Of Dividend Paying Companies. Quarterly monthly cash-flow = Return On Investment... LEARN MUCH
MORE HERE...
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Knowledge Center: 101 Ways to Make Money Online We often recommend earning some extra income on the side .
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Entrepreneur: Business Ideas And Opportunities.
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Economic: Different Types Of Market To Invest in...
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Resource Center: Different ways to protect your money…
What to do when we have a market panic, or economic uncertainty...
Last Will And Testament...
What Not to Include When Making a Will...
Ways to Avoid Probate... LEARN MORE HERE..
How to Avoid Capital Gains Tax...
We all kow that only two things in life are truly certain: death and taxes.
But just because taxes are an inevitable part of our society doesn’t mean you can’t limit how much you pay to Uncle Sam.
Taxes on capital gains can eat up a significant portion of your earnings each year. Here are some common strategies for avoiding capital gains taxes and how you can implement them. It’s wise to consult experts..
What Are Capital Gains Taxes?
When you own an investment or other asset – such as real estate, land, a business or stocks, for example – and later sell that asset for a profit, you have realized capital gains. The tax that is then levied on the profit portion of your sale is called capital gains tax.
Depending on how your gains are classified, and your total taxable income for the year, your capital gains tax rate can vary. This percentage could be as low as 0% or as high as your ordinary tax rate.
We all know that only two things in life are truly certain: death and taxes. But just because taxes are an inevitable part of our society doesn’t mean you can’t limit how much you pay to Uncle Sam. Taxes on capital gains can eat up a significant portion of your earnings each year. Here are some common strategies for avoiding capital gains taxes and how you can implement them. It’s wise to consult a financial advisor about how to minimize other taxes, besides capital gains.
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What Are Capital Gains Taxes?
When you own an investment or other asset – such as real estate, land, a business or stocks, for example – and later sell that asset for a profit, you have realized capital gains. The tax that is then levied on the profit portion of your sale is called capital gains tax.
Depending on how your gains are classified, and your total taxable income for the year, your capital gains tax rate can vary. This percentage could be as low as 0% or as high as your ordinary tax rate.
'' How to Avoid Capital Gains Taxes''
Handing over a chunk of your profit can be painful. Thankfully, there are a few ways that you can reduce the amount of capital gains taxes you will pay after selling an asset.
Choose Long-Term Investments
Capital gains can be classified as either short-term or long-term, each of which has its own tax rates.
Assets that you have held for less than a year are considered short-term. When it comes to earning short-term gains, expect to be taxed at your ordinary tax rate … which can be as high as 37%, depending on your total taxable income.
If you want to avoid that, you should choose long-term investments instead. By holding an investment for a year or more, you will qualify for long-term capital gains tax rates.
Most long-term capital gains will see a tax rate of no more than 15%, though certain assets (like coins and art) can be taxed at a rate up to 28%. Depending on your income, you may even qualify for capital gains tax rates as low as 0%.
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How to Make Money in Real Estate: 10 basic Ways ...
There are many ways to make money in real estate / Investors can realize attractive
returns from multiple income streams in real estate investments'''
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'' Ways to Value a Real Estate Rental Property
Determining the cost of and the return on an investment property are just as important as figuring out its value.''
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'' Income Property - Everything People Need To Know About Rental Property. What are the
best ways to make money in real estate? LEARN MORE..
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'' Types of Property Ownership...
There are a variety of forms of ownership of property.----
'' How to Invest In Real Estate without Having to Buy Houses?
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Take Advantage of Tax-Deferred Retirement Plans...
Your retirement accounts likely make up a bulk of your savings and future assets. It’s wise to optimize these as best you can by utilizing tax-deferred (and tax-exempt) plans, to save yourself from added capital gains taxes. When contributing to a tax-deferred retirement plan, such as a 401(k) or traditional IRA, you’ll receive a tax deduction on your contributions in the current tax year. This can save you money on your income taxes today, as well as help you to save even more toward the future.
Your money will also continue to grow over time. When you’re finally ready to sell your investments and withdraw, any growth in the account is taxed at your ordinary income rate, rather than being subject to capital gains like other investment accounts.
A tax-exempt account, such as a Roth IRA, doesn’t offer any tax benefits today. However, the money held in this account will grow tax-free until retirement. When you’re ready to use the money, your funds (and growth) can also be withdrawn tax-free, helping you avoid capital gains yet again.
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Offset Your Gains
If you hold a number of different assets, you may be able to offset some of your gains with any applicable losses, allowing you to avoid a portion of your capital gains taxes.
For instance, if you have one investment that is down by $3,000 and another that is up by $5,000, selling both will help you reduce your gains. You would only be subject to capital gains taxes on the difference – or $2,000 – rather than the full $5,000 gain of the second investment.
Another offset strategy is tax-loss harvesting. With this method, you can carry over losses from one tax year into the next, to help offset future gains. Tax loss harvesting only applies if your losses in a given year exceed your total gains.
Reducing the capital gains taxes you pay on certain assets can keep more of your money in your own pocket. Capital gains taxes can range from 0% to 28%, depending on factors such as your income and the asset itself. Offsets, tax-advantaged retirement accounts and long-term investments may each be worth considering when developing a strong tax strategy.
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Tips on Taxes
Consider working with a financial advisor to ensure that you’re not paying a penny more than you need so. Finding a qualified financial advisor doesn’t have to be hard. Matches you with up to three financial advisors in your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals.
Income in America is taxed by the federal government, most state governments and many local governments. The federal income tax system is progressive, so the rate of taxation increases as income increases
The Average American Taxpayer Saved $2,362 By Using
This Tax Credit. Will You? Almost 29
million Americans saved thousands from this key tax
credit. Find out if you can get your share.
Right Here, Right Now! == Tax Seminar = Tax Help =
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''The higher your tax bracket the more you save.
You can defer paying income tax on up to $5,500 that you contribute to an IRA. -"That $5,500 deduction is going to either lower your tax bill or bump up the refund you are owed," says Trent Porter, a certified financial planner for Priority Financial Partners in Denver.
"A lot of tax programs can give you that hypothetical of how much more your refund will be if you contribute X amount of dollars to an IRA." Maxing out your IRA will reduce your tax bill by $825 if you are in the 15 percent tax bracket, $1,375 for those in the 25 percent bracket and $1,815 if you pay a 33 percent tax rate. Income tax won't be due on this money until you withdraw it from the account.
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Workers over 50 can get an even bigger tax break.
People who are age 50 or older can contribute an extra $1,000 to an IRA, which will get them a larger tax deduction. If a 55-year-old worker who is in the 25 percent tax bracket contributes $6,500 to an IRA, he will reduce his tax bill by $1,625.
''Tax Strategies For IndIviduals, Investors, Professionals, And Landlords.
// ''Ways to Save.
''Tax Changes And Tax Credit for This Year: A Great Checklist...
''HOW TO REDUCE YOUR TAXES TO GET MAXIMUM
RETURN FROM THE I.R.S.? ''Most-Overlooked Tax Deductions.
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Married couples can double their tax break by each opening an IRA in their own name. If only one spouse works and you file a joint tax return, the working spouse can contribute to an IRA in each spouse's name. A married couple can claim a tax deduction on as much as $11,000 that they contribute to two or more IRAs.
And if both spouses are 50 or older, the contribution limit climbs to $13,000. A married couple, both age 50, who are in the 25 percent tax bracket and max out an IRA in each of their names will save $3,250 on their income tax bill.
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Contribution deadlines differ by state.
IRA contributions that will qualify you for a deduction on your 2015 return are due by April 18, 2016. "IRA contributions can be made up until 11:59 p.m. on the tax deadline, assuming they are received in good order," says John Boroff, director of retirement product management at Fidelity Investments.
Residents of Maine and Massachusetts get an extra day to contribute due to the Patriots' Day holiday celebrated in those states, so they have until April 19, 2016, to make 2015 IRA contributions. Several IRA providers, including Vanguard and Charles Schwab, say they won't be able to accept online IRA contributions for 2015 after April 18 but will accept in-person contributions and envelopes postmarked by April 19 from residents of Maine or Massachusetts.
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You can file a tax return claiming an IRA deduction before the money is in the IRA account as long as you make the deposit by your tax filing deadline. "You could file your taxes on March 1 and tell the IRS you will make the contribution by April 15," Porter says. "You can get your refund and use that to go toward what you are going to be putting in the IRA.
" You can even deposit your tax refund directly into an IRA. When making a tax-year 2015 contribution during 2016, it's important to specify which tax year you would like the contribution to be applied to. IRA custodians are allowed to attribute contributions to the calendar year in which they are received unless you indicate otherwise.
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Taxes: What's on the table for Your Investments???
Contribution limits for 401(k), 403(b), and 457 plans are staying the same for 2016: $18,000 for those under age 50 and $24,000 for those 50 and above. The contribution limit is the same for both traditional and Roth 401(k) contributions. No income limits apply. If you're maxing out and would like to space your contributions throughout the year, bump up your contribution rate as soon as possible.
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Investors at any income level can contribute to a traditional IRA, though they cannot deduct their contribution on their tax return if their income exceeds the deductible amounts outlined above. Instead, higher-income investors can take advantage of what's called a backdoor Roth IRA, converting their traditional IRA to Roth shortly after funding it.
Note that this strategy won't generally make sense for investors with large traditional IRA balances, for reasons outlined here.
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Compared with the "fiscal cliff" and other year-end escapades, the tax-related drama in Washington has been pretty subdued in recent years. Dividend and capital gains tax rates have stayed the same, and the federal estate tax will still only affect the uber-rich. (State estate taxes may kick in at much lower levels, however.)
But that's not to suggest that investors can safely tune out tax considerations. The market's strong performance since 2009, combined with another nasty season for mutual fund capital gains distributions in 2015, accentuates the value of taking maximum advantage of tax-sheltered wrappers like 401(k)s and IRAs.
It also highlights the virtues of carefully monitoring your taxable positions to help ensure that you're not paying more in dividend and capital gains taxes than you need to.
Here's an overview of what's changing, tax-wise, in 2016, as well as what's staying the same. I've emphasized those tax items that have at least some connection to investments.
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MyRA is a relatively new retirement-savings plan conceived as a Roth IRA with training wheels. Aftertax monies go into the account,
the money accumulates on a tax-free basis, and qualified distributions are tax-free.
(As with any Roth account, investors can withdraw their contributions from myRA at any time and for any reason.) Designed for workers who do not have access to another retirement-savings plan, myRa allows investors to contribute very small sums on an ongoing basis. Assets are invested in holdings similar to the G Fund that federal-government workers can buy in their Thrift Savings Plan (TSP), the 401(k)-like plan for government workers.
The G Fund is guaranteed to not lose money yet has historically paid a better yield than true cash instruments. That might sound enticing to yield-starved investors, but note that your combined contribution to an IRA--whether Roth, traditional, or myRA--cannot exceed the $5,500/$6,500 limits, and your maximum holdings in myRA cannot exceed $15,000.
Thus, myRA won't make sense for most higher-income savers, but it looks like a fine multitasking emergency fund/starter long-term savings vehicle for young investors who are just getting started.
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Saver's Credit
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This credit is designed to incentivize individuals and families with earnings under certain thresholds to put money into IRAs (or myRAs) or qualified company retirement plans. For 2016, married couples filing jointly are eligible for the credit if their modified adjusted gross income is less than $61,500; single filers can claim the credit if their adjusted gross income is less than $30,750. The lower the income, the higher the credit--up to a maximum level of $1,000 for single filers and $2,000 for married couples filing jointly. This IRS guide provides more detail on the credit.
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Health Savings Accounts
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People who are covered by a high-deductible healthcare plan can contribute to a health savings account. A high-deductible plan is defined as one with at least a $1,300 deductible for individuals and a $2,600 deductible for families; the maximum out-of-pocket expenses that covered people can incur are $6,550 for individuals and $13,100 for families. For 2016, those with single coverage can contribute $3,350 to an HSA, while those with family coverage can contribute $6,750. (Investors age 50 and above can make an additional $1,000 catch-up contribution.) For those who are making the maximum allowable contributions to their company retirement plans and IRAs, the HSA provides another way to amass tax-advantaged savings. The investor makes pretax contributions, the money accumulates tax-free, and qualified withdrawals are also tax-free.------------------------
Medicare Surtax
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The income thresholds for the 3.8% Medicare surtax will remain unchanged from 2015 to 2016: $200,000 for single filers and $250,000 for married couples filing jointly.------------------------
Estate and Gift Tax
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The annual gift tax exclusion amount is staying the same, at $14,000. However, the exclusion amount for the estate tax is jumping up slightly to $5.45 million per person in 2016.
