Tax Planning By The Numbers: Updates for 2017

By Dana McGuffin | February 14, 2017 | Comments Off on Tax Planning By The Numbers: Updates for 2017
tax planning

Are you ready to get started on your 2017 tax planning? Here are the numbers to use to take full advantage of retirement and other tax-advantaged savings. If you’re under full retirement age, the social security earnings limit is $16,920. That means if you collect benefits before your full retirement age and earn more than…

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“Wash Sales” Rule And Your Tax Planning

By Dana McGuffin | December 9, 2016 | Comments Off on “Wash Sales” Rule And Your Tax Planning
wash-sales

As the end of another year approaches, you’re looking for ways to reduce your tax bill. You have a handful of stocks in loss positions. You like the stocks and expect the prices to rebound.  Should you sell now at a loss to offset other capital gains, then buy the shares right back again?  Not…

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