Tech IndustryDec 30, 2019
NewzNnd42
How to increase tax returns in next two days?
My taxes this year are going to be $30-35k I thought to buy an electric car, qualified for tax returns, but for some reason they don’t sell them in my area. No any car from the IRS list of plug-in hybrids. Thought about mortgage, my payments start ealy next year, considered to pay more early, but it will work as tax deductions, so I would have to pay about tens of thousands to get a few back. Any other ideas?
Amazon silky1583 Dec 30, 2019
Yes, we can use equity loss up to $3000 as tax deduction
Expedia Group foment Dec 30, 2019
So if your large tax liability is from wage income, there is a $3k limit that can be used to reduce regular income from harvesting additional capital losses above your gains. Have you made all contributions to retirement accounts that you can?
Facebook public2 Dec 30, 2019
Too late now lol
Sell any stock that is not performing well in your portfolio
That's pretty much been the only benefit of my WF stock. I'm sitting on $80k of unrealized losses, so I sold a bit to offset some other gains.
Guys I’m not aware how it will help. Could you please elaborate.