Do You Qualify for the 0% Tax Rate for Capital Gains and Dividends?

Timely Opportunities

Do You Qualify for the 0% Tax Rate for Capital Gains and Dividends?

Under current tax law, many people pay no federal income tax on net long-term capital gains and qualified dividends earned in their taxable accounts. Here's an overview of the income levels that qualify for the 0% rate, along with tax-smart moves that could allow higher-income taxpayers to pass on wealth to younger generations, while capitalizing on this favorable tax rate.

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Elder Scams: Don't Take the Bait

The American Association of Retired Persons estimates that elderly people lose roughly $28.3 billion each year from fraud. These scams may target an individual's assets, property, bank account information and other personal data. Here are six scams that target the elderly and some common-sense tips for avoiding them.

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Planning Your Estate

Assess the Coverage You Need

Life insurance is purchased for many reasons but one of the most common is to maintain your family's standard of living in the event of your death. To ensure that your family is adequately protected, you need to purchase the right amount of insurance. This article can help you determine the right amount.

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Estate Planning

Estate Planning Isn't Just for the Wealthy

For 2024, the unified federal gift and estate tax exemption is $13.61 million (effectively $27.22 million for married couples). If you're like most people, your estate is below this threshold. But you should still consider installing a basic estate plan that includes such elements as a written will and a living trust to protect your assets and your intended beneficiaries.

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Tax Planning

Health Care Expenses: What's Deductible on Your Tax Return?

For many people, unreimbursed medical bills and other health care costs are a significant expense, especially as they get older. Fortunately, many of these expenses are tax-deductible. This article details the types of health care expenses that are deductible. It also discusses the deductibility of self-employed health insurance costs.

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To ensure compliance with requirements imposed by the United States Internal Revenue Service, we inform you that any tax advice contained in this e-newsletter (including any attachments or website links) was not intended or written to be used, and cannot be used, by any taxpayer for the purpose of (1) avoiding tax-related penalties under the United States Internal Revenue Code or (2) promoting, marketing or recommending to another party any tax-related matters addressed herein.