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6 Little-Known Ways to Pay Fewer Taxes

6 Little-Known Ways to Pay Fewer Taxes - TaxACT

You probably keep track of your itemized deductions, including mortgage interest and charity deductions. You may get a credit for childcare expenses, or take advantage of any of a number of common tax breaks. The tax code is complex, and there’s bound to be something that can lower your tax bill. What could you be […]

What the Capital Gains Tax Hike Means For You

What the Capital Gains Tax Hike Means For You - TaxACT

Are you thinking about selling a capital asset at a gain in 2013? A 5% difference in tax rates makes a huge difference in your after-tax rate of return on an investment. That’s how much your capital gains rate may go up in 2013. The highest rate on capital gains is now 20% – up […]

Long-Term Capital Gains: How Much Tax Will I Owe?

Long-Term Capital Gains: How Much Tax Will I Owe?

Did you sell a house, some investments, or even a car this year that you may need to report as the sale of a capital asset? If you sold an asset, possibly at a profit, you’ll generally pay less tax on the gain than you would pay on ordinary income, such as wages. You must […]

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