DiSabatino CPA Blog

DiSabatino CPA Blog

A blog by Michael DiSabatino CPA with topics on Tax Savings, Business, Management and more...

Switching mutual funds can bring a tax surprise

Switching mutual funds can bring a tax surprise

Switching mutual funds can bring a tax surprise

Many mutual fund companies allow you to switch funds without a penalty or commission, as long as you stay within their family of funds. There's a catch though.

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2014 Capital Gain Refresher

2014 Capital Gain Refresher

2014 Capital Gain Refresher

As you investigate opportunities for managing your investment portfolio in 2014, remember to pause and plan for the effect of tax laws. Here are some important rules to consider.

Capital gain tax rates. For 2014, the tax rate you'll pay on gains from sales of assets depends on your taxable income and how long you've owned the investment. Gains on assets owned a year or less are taxed at the same rate as your ordinary income.

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Zero Percent Tax on Capital Gains?

tax savingsZero Percent Tax on Capital Gains?

Zero Percent Tax on Capital Gains?

Yes, Assuming you've held the property longer than a year (i.e., a long-term gain), the federal capital gains tax rate is 0% for taxpayers on gains that fall within the 10% and 15% tax rackets.

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