Isabel Fitzgerald: Be aware of changes in tax law for planning

Capital gains rates will remain the same with two brackets: 0 percent and 15 percent for long-term gains and 15 percent for qualifying dividends. [...] as long as all taxable income does not exceed the 15 percent income tax bracket ($34,500 for single individuals and $69,000 for joint filers), these...

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Bibliographic Details
Published inEl Paso Times
Main Author Fitzgerald, Isabel
Format Newspaper Article
LanguageEnglish
Published El Paso, Tex Gannett Co., Inc 30.01.2011
Subjects
Capital gains
Children & youth
Payroll taxes
Relief provisions
Social security taxes
Tax credits
Tax deductions
Tax increases
Tax planning
Tax rates
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Summary:Capital gains rates will remain the same with two brackets: 0 percent and 15 percent for long-term gains and 15 percent for qualifying dividends. [...] as long as all taxable income does not exceed the 15 percent income tax bracket ($34,500 for single individuals and $69,000 for joint filers), these capital gains and dividends are essentially tax-free.