Key Savings and Tax Benefits of a Health Savings Account (HSA)
A Health Savings Account (HSA) is a type of savings account designed to help individuals and families save money on their health expenses and reduce their future tax bill. To…
Tax Planning
Tax-Loss Harvesting: A Valuable Tax-Saving, Portfolio-Balancing Tool
Tax-loss harvesting is a way of lowering your tax burden when buying and selling securities in your portfolio. It uses the money you lose on one investment to offset the…
Tax Time Tips for IRAs: Contribution Deadlines and Opening an IRA for a Child
This time of year, clients often ask questions about contributing to their individual retirement accounts (IRAs) since the deadline is coming soon. IRA Contributions Deadline The deadline to contribute to…
A New Tax Plan is Taking Shape: Will you be Affected?
The new tax proposal is taking shape, yet we don’t expect to know the final details until later this year. The proposal’s package of tax changes is in the early…
How to Avoid Paying Capital Gains Tax (Legally)
First, let’s review short-term vs long-term capital gains, then I’ll discuss how to sell appreciated assets without paying federal income tax. Please note that Capital Advantage is neither an attorney…
