Tips for investors to ease growing tax bite
BOSTON – This year's tax-filing deadline is a couple months away, and many investors are beginning to review whether they made any rash moves with their portfolios to trigger potentially unnecessary tax bills. It's a good instinct to follow, because it can become a teachable moment on how to become a tax-savvy investor.
But it's perhaps more important now to be mindful of new tax law changes approved in the deal that lawmakers struck in January to avoid the "fiscal cliff."
Those changes could have a big impact on taxes filed in 2014 and beyond, especially for those in the top income bracket. They'll pay higher rates, and will want to invest with a heightened sense of tax implications starting this year.
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