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Tax Season Countdown Tax Tips: Tip #12 Capital Gains Tax Rate Increases

 

 

As a NJ CPA firm and and NY CPA  firm, we are dedicated with providing you the latest tax tips this season.

Our tax tip for today is:

For taxpayers with income over $400,000 (single) or $450,000 (married), the rate on capital gains and qualifying dividends will go from 15% to 20% for 2013 and later years. For most other taxpayers, the maximum rate will be 15% for capital gains and dividends. The rate will remain at 0% for those in the bottom two tax brackets.

For assistance with this or other tax or accounting matters please contact us at 201-947-8081 or 646-688-2807, or email us at info@bergencountycpa.com.

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