- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Capital Gains Tax Free
Posted on 12/24/13 at 9:41 am
Posted on 12/24/13 at 9:41 am
I recently discovered that capital gains for 2013 can be tax free. If your adjusted taxable income is in the 15% tax bracket, you will pay no tax on gains up to the 15% percent limit of 72,500.
I know this may not mean much to the baller's in here, but it is a big deal for my wife and I this year. I have a modest income over this threshold, but combined with our deductions we are under the 72.5k threshold. My wife, a lawyer that took some time off, normally brings in enough income that we would not be able to take advantage of this. But for 2013, I have sold some appreciated stock to fill the 15% bracket tax free!
Your thoughts?
I know this may not mean much to the baller's in here, but it is a big deal for my wife and I this year. I have a modest income over this threshold, but combined with our deductions we are under the 72.5k threshold. My wife, a lawyer that took some time off, normally brings in enough income that we would not be able to take advantage of this. But for 2013, I have sold some appreciated stock to fill the 15% bracket tax free!
Your thoughts?
Posted on 12/24/13 at 10:21 am to NBR_Exile
quote:
Your thoughts?
It can be used strategically - I would take those gains - being careful not to knock yourself out of the bracket, but take as much gains as you can, then immediately reinvest into Roth (up to the max) and that yields double non-taxed benefits. Consult your tax professional, but I believe my idea will work.
Popular
Back to top
Follow TigerDroppings for LSU Football News