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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 […]

Affordable Care Act Tax Law Changes for Higher Income Taxpayers

New Affordable Care Act Taxes for Higher Income Taxpayers - TaxACT

Most taxpayers don’t need to worry about the new additional 3.8% tax on net investment income, or the additional 0.9% Medicare tax. These taxes only apply to individuals (and estates and trusts) that have income over certain levels. You generally won’t pay either of these taxes unless you make over $200,000 in one year. If […]

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