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10 High-Income Tax Planning Strategies to Complete Before 2025: A Year-end Checklist

Harness Wealth

As the year comes to a close, now is the time to review potential financial moves to help minimize your tax burden heading into 2025. Proactive year-end tax planning can lead to significant savings and set you up for financial success in the new year. Find your next tax advisor at Harness today. million ($27.22

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How to Maximize Tax Deductions for the 2025 Filing Season

Harness Wealth

The IRS implements whats known as the wash-sale rule, which prohibits you from buying a substantially identical security within 30 days before or after the sale of a loss-producing asset. Defer income where possible Strategically timing your income can have a major effect on your tax liability.

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What are the Tax Brackets and Federal Income Tax Rates for the 2025-2026 Tax Year?

WiserAdvisor

Capital gains tax Capital gains tax is what you pay on the profits you earn from selling your capital assets. These include things like stocks, bonds, mutual funds, and other assets. Now, there are two types of capital gains – short-term and long-term, and they are taxed differently.

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Preparing for the TCJA Sunset: What Tax Advisors Need to Know

Harness Wealth

Unless Congress intervenes, the TCJAs sunset will usher in a swathe of tax increases in 2026, with analysts estimating that over $4 trillion worth of tax hikes could take effect. How will the 2026 tax brackets be affected if the TCJA expires? How will the 2026 tax brackets be affected if the TCJA expires?

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A Guide to Tax-Efficient Real Estate Investment

Harness Wealth

Property taxes: These local taxes are based on assessed property value and are generally deductible, though federal limitations may apply to total state and local tax (SALT) deductions. Capital gains tax: Profits from selling property are subject to capital gains tax.

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Incorporating Equity Compensation into a Multi-Generational Wealth Transfer Plan

Zajac Group

Creating wealth that can provide financial security for generations to come is an incredible feat, and it requires careful planning, consideration, and communication among family members. Gifting Other than transferring assets after death, the other primary way to transfer wealth is to gift portions of your estate during your lifetime.

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A Guide to the Key Tax Changes for 2025

Harness Wealth

Harness makes it easy to find tax and financial advisors best suited to your needs. GET STARTED What are the capital gains tax changes in 2025? For individuals with investments in assets such as stocks, real estate, and other securities, changes in the capital gains taxespecially long-term capital gainswill be particularly relevant.

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