Tax Trackers Impact Wealthy Americans' Holiday Plans
The article discusses how tax trackers influence the holiday plans of wealthy Americans, highlighting the impact of tax strategies on their travel and spending decisions during the holiday season.
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Tax Strategies
All articles tagged with #tax strategies
Essential Tax Planning Tips for 2025 and 2026
An upcoming online session on January 27, 2026, will cover recent federal tax law changes introduced by the One Big Beautiful Act, providing actionable strategies for individuals and businesses, and offering 1.0 CPE credit in Taxes.
Key Tips for Wealthy Parents on Gifting Real Estate to Children
The article discusses how wealthy parents can effectively pass down real estate to their children by using legal tools like trusts and LLCs to minimize taxes, protect assets, and prevent family conflicts, while also planning for future changes in heirs' preferences and circumstances.
"Strategies for W-2 Employees to Slash Federal Taxes and Maximize Refunds"
A W-2 employee in California reduced his federal taxes by 98% for a tax refund by utilizing real estate strategies, including bonus depreciation, to deduct elements of his investment properties. By qualifying as a real-estate professional through his spouse's status and utilizing the short-term rental tax loophole, he significantly reduced their taxable income, resulting in a minimal federal tax liability. He now teaches others how to achieve similar deductions and emphasizes the importance of long-term property ownership to avoid potential tax recapture.
"Ex-Wall Street Trader's $25 Million Wealth-Building Tips"
Former Wall Street trader Vivan Tu, known as Your Rich BFF, shared tips for amassing wealth, including asking for regular raises, job hopping for better pay, and legally avoiding taxes through retirement and investment accounts. She also advised skimping on luxury goods and opting for high-quality fake items. Tu emphasized the importance of demanding raises, healthier budgets, and investing for the future.
"2023: A Guide to 0% Capital Gains Tax for Crypto Investors"
Crypto investors who fall into the 0% long-term capital gains bracket may have an opportunity to owe zero taxes on their cryptocurrency gains in 2023. This strategy, known as "tax gain harvesting," involves strategically selling profitable crypto held in brokerage accounts and immediately repurchasing it. By doing so, investors can recognize the gain without incurring any tax liability. This approach is considered a wiser strategy than tax loss harvesting, which only defers future tax payments. To qualify for the 0% long-term capital gains rate, individuals must have taxable income of $44,625 or less for single filers and $89,250 or less for married couples filing jointly in 2023.