Are there any new tax saving tips for 2012 we should be making now?

  1. BSloan profile image68
    BSloanposted 12 years ago

    Are there any new tax saving tips for 2012 we should be making now?

    Every year financial pros advise us to save on our taxes before the year ends.  Are there any new tax saving tips for 2012 we should be making now?

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  2. LandmarkWealth profile image69
    LandmarkWealthposted 12 years ago

    Start accelerating capital gains if you have any.  The rate goes from 15-20% as part of the tax cuts expiring.  Plus Obamacare adds another 3.8% onto the cap gains rate to get you to 23.8%.  This also applies to the sale of a home.  So if you were planning on closing soon, it is a good idea to complete it before Jan 1st.

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