ilmscore | Prediction Details
"if you are single and you make under fifty two thousand four hundred or if you are married and your combined income is less than a hundred and four thousand eight hundred dollars then this will apply to you if you are in the stock market and you hold the stock for more than one year and then you sell it for a profit then you will pay zero dollars in federal income taxes if you're in that income range this is called the zero percent capital gains rate therefore if you think your income will be going up next year above those income thresholds you may want to consider selling your winning stocks in order to lock in those gains tax-free"
By ClearValue Tax | November 29, 2020 | Pending
From video
9 Tax Hacks To Maximize Your Refund! 00:03:17 - 00:03:57
Interpreted Prediction
Individuals with incomes under $52,400 (single) or $104,800 (married) can sell stocks held for over a year for a profit and pay zero federal income tax on those gains due to the 0% capital gains rate. The advice is to consider selling winning stocks within this year if income is expected to rise above these thresholds next year.

Prediction Details

Ticker
STOCKS

Comments

0 comments

Be the first to share your thoughts.

Like this prediction?

Join to make your opinion count.