In this post I cover the eligibility requirements for avoiding capital gains tax on the sale of a primary residence.
Know Your Marginal Tax Bracket
Because the U.S. has progressive tax rates, reducing your Taxable Income will conversely reduce the amount of tax you owe at a progressively higher rate! In this True Vine Letter, I explain why it is important to understand your marginal tax bracket and we look at some strategies for reducing income taxed at higher rates.
Get Paid to Save for Retirement with the Retirement Savings Contributions Credit
Understanding Qualified Charitable Distributions
Understanding How IRAs Work
Individual Retirement Accounts are an important part of the investing landscape faced by Americans. They offer long term investors the potential for significant tax savings. In this Letter, I review the essential components of IRAs. Subsequent Letters on more complex IRA related topics will build upon this foundation.