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How are Capital Gains Taxes Calculated When You Sell a Home?

Selling a home is a major financial milestone, but it can come with some profound tax implications. Capital gains taxes are applied to the profits earned on an asset sale, including real estate. Learn more about the intricacies of exemptions and tax liability minimization strategies. So precisely how are capital gains taxes calculated when you sell a home?

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Posted by: Charles P Myrick CPA Posted on: Jul 28 2022

Easy Moves to Do Now to Lower Next Year's Tax Bill

It's never too early to plan for next year's taxes, so here are some helpful steps you can take now to better position yourself to pay less when you file next year.

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Posted by: Charles P Myrick CPA Posted on: Feb 03 2022

Have You Considered Tax Planning This Year? It’s Not Too Late!

Tax planning builds wealth. You may not be familiar with the term, but tax planning is the analysis of an individual’s or business’ financial situation to ensure that all elements work together to allow the payment of the lowest taxes possible. It is generally done towards the end of the year, but its not too late to plan for this year. Proper tax planning can help you retain and make the most of your income to build your assets and wealth.

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