3 Reasons to Recognize Capital Gains in 2012

July 3, 2012 Tax News 0 Comments Print this page Share

 

1) The Long-Term Capital Gains Rate is Going Up

 

Long-term capital gains are for capital assets held longer than a year. Capital assets include stocks, bonds and mutual funds. Collectibles and certain Real Estate are subject to special rules.  The stated rate on long-term capital gains is currently 15%.  If Congress fails to take any action, this will increase to 20%.  The … Continue reading »

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Payroll Tax Cut Temporarily Extended into 2012

January 11, 2012 Tax News 0 Comments Print this page Share

Congress recently passed and the President signed the Temporary Payroll Tax Cut Continuation Act of 2011. This act temporarily extends the two percentage point payroll tax cut for employees by continuing the reduction of their Social Security tax withholding rate from 6.2 percent to 4.2 percent of wages paid through February 29, 2012.

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The Last Tax Cut

June 30, 2011 Tax News 0 Comments Print this page Share

The Obama administration is exploring a temporary tax cut for employers on their payroll tax obligations.

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