Tax and Money Tip of the Week:
2019 Last Minute Year End Tax Strategies for Your Stock Portfolio
December 18, 2019 | No. 464
Your stock market portfolio can represent a little gold mine of opportunities to reduce your 2019 income taxes when you take advantage of the tax code’s offset game. The tax code contains the basic rules for this game, and once you know the rules, you can apply the correct strategies. In addition to saving taxes with the game of offset, you can also avoid paying taxes on stock appreciation by gifting stock to charity, your parents, and your children who are not subject to the kiddie tax.
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Mark Vitek, CPA/PFS, CFP®
…until next week.
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