The previous two posts about the fiscal cliff law looked at Roth conversion and dividends and capital gains. Today we look at the new law’s reductions to personal exemptions and deductions for higher income taxpayers. Higher income for this purpose is defined as having Adjusted Gross Income (AGI) in 2013 over $250k for single and […]
Fiscal Cliff Deal and Dividends and Capital Gains
Today we look at how dividends and capital gains will be taxed after the fiscal cliff deal, officially known as the American Taxpayer Relief Act of 2012. Don’t be surprised it gets a little more complicated. First of all when I say dividends and capital gains, I’m referring to qualified dividends and long-term capital gains. […]