A Smarter Way to Give – Gifting Highly Appreciated Stock
In this video, Chris Klein, CFP® breaks down one of the most tax-efficient ways to give: donating appreciated stock instead of cash. When you gift stock that’s increased in value, especially after holding it for more than a year, you can avoid paying capital gains taxes and still deduct the full fair market value of […]
Avoid the 3.8% Trap: Smart Strategies to Reduce the Net Investment Income Tax (NIIT)
Are you paying the extra 3.8% you don’t have to? The Net Investment Income Tax (NIIT) applies once your income exceeds $200,000 (single) or $250,000 (married). But there are smart ways to reduce it: Favor tax-exempt investments like municipal bonds. Max out retirement and HSA accounts, which are exempt from NIIT. Harvest losses to […]