Between the 15% capital gains tax increasing to 20% for those in the top tax bracket and the 3.8% Medicare surtax on passive investment income, some investors are shouldering an 8.8% increase in capital gains tax. And that makes tax-aware investing more important than ever.
Wealth Enhancement
Adjusting to the 3.8% Medicare Surtax
Submitted by Bernhardt Wealth Management on April 15th, 2013The new 3.8% surtax on unearned income that took effect on January 1 2013 applies to individuals with Modified Adjusted Gross income (MAGI) in excess of $200000 and couples with MAGI in excess of $250000. Of course the tax tail should never wag the dog but here are some strategies that might help you minimize the tax bite:
Savvy Mutual Fund Tax Moves
Submitted by Bernhardt Wealth Management on December 26th, 2011Year-end is always hectic but it’s well worth taking the time to consider a few investment moves that could have positive tax ramifications.
