A TAX STRATEGY

A profitable tax strategy means planning all year round. You need to know the limitations of your own potential deductions and assets. Are you investing in the right time of income generating accounts? For instance, investing in dividend paying stocks can slash your taxes right out of the gate. You’re only taxed 15% on these types of stocks. The same goes for long-term capital gains. If you haven’t invested in the market, then seek out a qualified broker to help guide you. They’ll take a small commission fee but it’s better getting into the market with someone who knows the game rather then simply cramming “Stocks for Dummies.”