Our Real Estate Practice can help clients understand and apply the credits that are available as a result of the Inflation Reduction Act of 2022. Learn more about these valuable tax incentives. https://lnkd.in/eY-NvyQV #realestate #taxincentives #HLBRealEstatePractice
HLB Gross Collins, P.C.’s Post
More Relevant Posts
-
What’s the bottom line when it comes to the new capital gains #tax? Talk with your financial advisor and your tax advisor to create a balance sheet and your personal tax plan. Learn more about the proposed tax changes as experts answer common questions about capital gains. Watch the full video: https://bit.ly/4aREOne and reach out to me for the CIBC Special Report from Jamie.
Ask the experts | From cottages to condos - proposed changes to the capital gains tax
https://www.youtube.com/
To view or add a comment, sign in
-
Are you thinking about your taxes and financial strategies for 2026? If not, you should be. In 2026, a number of tax adjustments enacted as part of the 2017 Tax Cuts and Jobs Act are anticipated to expire. For affluent couples, the most consequential change is likely to be a substantial reduction in the estate tax exemption. Read more about what to expect from May Barnhard Investments. https://lnkd.in/e98-9Siw #estateplanning #estateplan #taxcutsandjobsact #maybarnhardinvestments #mbi #estatetax
To view or add a comment, sign in
-
Navigating Capital Gains Tax? For 2023/24, the tax-free allowance is £6,000, crucial for anyone selling assets like non-primary property or certain investments. Remember, CGT rates vary with your tax band, and it's 20% or 28% for higher rates depending on the asset. Planning is key, as the allowance drops to £3,000 next tax year. 📘 For detailed strategies and how to potentially reduce your CGT, read our latest guide. https://lnkd.in/ecZv2fBD #CapitalGainsTax #TaxPlanning #FinancialGuide
To view or add a comment, sign in
-
Knowing how long to keep an increasing asset is integral to income tax strategy. For example, capital gains are broken down into two categories: ✔️ Short-term capital gains Assets that are owned for one year or less; taxed at your ordinary income tax rate ✔️ Long-term capital gains Assets that are owned for more than one year; could qualify for a lower-than-normal tax rate Please read our latest blog for what you need to know about capital gains and losses from a tax perspective: https://lnkd.in/ezB7cEiE. #FinancialAdvisor #WealthAdvisor #CapitalGain #taxes
To view or add a comment, sign in
-
Manager @ Grant Thornton LLP - R&D & Government Incentives | SR&ED Expert | Non-Dilutive Funding | Business Adviser | Mentor
Budget 2024 was introduced on April 16, 2024, notable proposals include increase of the capital gains inclusion rates for individuals, corporations and trusts. How will the change affect you? #GrantThornton #FederalBudget2024 #CapitalGains
#FederalBudget2024 proposed to increase the capital gains inclusion rate on June 25—66.7% of capital gains realized would generally be included in income for tax purposes for corporations or trusts and has no threshold. The rate would remain at 50% up to $250K for individuals. Click through to learn more and see our tax alert here: https://lnkd.in/gdx9H65e
To view or add a comment, sign in
-
Businesses: Do you expect federal income tax rates to go up, go down or stay the same in the future? If you think your rates could go up, here are some considerations: https://loom.ly/TKyH9FY #deductions #incometax #taxrates
To view or add a comment, sign in
-
There is a separate (and some would say mystical) taxation system for long-term capital gains and qualified dividends. Let’s talk about Long-Term Capital Gains Tax and how the standard deduction applies to capital gains. Ordinary income has progressive tax brackets, but these tax brackets interact with Long-Term Capital Gains Tax and cause confusion. Let’s learn about how long-term capital gains tax stacks on top of ordinary income and how the standard deduction applies to capital gains. https://lnkd.in/eZdMtHM
To view or add a comment, sign in
-
Federal taxes on your net capital gain(s) may vary depending on your marginal income tax bracket and the holding period of the asset. Use this calculator to help estimate capital gain taxes due on your transactions. #CarlonWealth #ScottsdaleAZ #FinancialAdvisor https://hubs.ly/Q02dtNtQ0
To view or add a comment, sign in
-
Time for a Tax Tune-Up! Recent changes in the personal tax regime could impact your bottom line as a business owner. With thresholds frozen until 2028 and higher-rate bands expanding, your tax liability might increase. In Scotland, higher and top tax rates surged, with further hikes planned from April 2024. It is crucial to adapt your income strategy in light of these shifts. Now is the time for a financial check-up. Ensure your remuneration and financial plans align with the latest tax changes for optimal outcomes. Ready to navigate the tax landscape with confidence? Letts strategise together! #TaxPlanning #WealthManagement #FinancialStrategy
To view or add a comment, sign in
-
The IRS announced adjustments for 2024, which address a few key areas. What does that mean for you? There are changes to capital gains tax rates, annual exclusion for gifts, estate tax exclusion, and more. Read more- https://lnkd.in/gKSuiNPS
To view or add a comment, sign in
3,716 followers