Effective tax planning

Staying actively engaged in your personal tax planning is important in an uncertain tax environment.


Effective tax planning

For high-net-worth individuals, tax planning done well requires careful attention across a wide range of areas. These areas should be considered not only within the context of the next few years (anticipated tax increases, deficit-driven tax-policy changes), but also with the long view in mind.

In taking this approach, the decisions you make now should be instrumental in preserving your wealth—not just for your own future, but for that of the next generation as well.

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Careful planning will help you limit the impact that the increased tax rate has on your capital gains.

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Capital gains tax reductions

Harvesting unrealized capital losses: A potential way to reduce your tax liability

An unrealized capital loss position can be harvested to offset capital gains.

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Net investment income tax

Net investment income tax (NIIT): How does it work?

The 3.8% NIIT applies to the lesser of net investment income or the taxpayer’s modified adjusted gross income over the threshold amount.

Threshold amounts:
Single taxpayers: $200,000
Married taxpayers filing jointly: $250,000

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