How much is capital gains tax?

How much is capital gains tax?

How much is capital gains tax? It depends on how long you held the asset and your income level Sep 12, 2021 If you earn money from the sale of a capital asset — your home, part of a business, stocks, or bonds, for example — that profit may be subject to capital gains tax. There are two categories of capital gains: short term (assets held for a year or less) and long term (assets held for longer than one year). The day you acquire the asset isn’t included in your holding period, but the day you sell it is.…
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HOME SWEET HOME – AMERICANS WANT TO AGE IN PLACE

HOME SWEET HOME – AMERICANS WANT TO AGE IN PLACE

IDENTIFY RETIREMENT STRATEGIES TO PUT IN PLACE NOW—LIKE ANNUITIES— TO LIVE RETIREMENT ON YOUR TERMS. As the pandemic thankfully wanes, we are starting to see its impact and long-term repercussions on retirement planning and security. One thing that hasn’t changed is Americans’ overwhelming desire to age in place. The U.S. Centers for Disease Control defines “aging in place” as “the ability to live in one’s own home and community safely, independently and comfortably, regardless of age, income or ability level.” In other words, living your retirement years on your own terms, on your own turf. With about 40% of Covid-related deaths in the U.S. occurring…
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