Cheer up – your taxes can be lower

November 11, 2008 at 1:43 pm (Investments, Taxes)

No one likes to see his investment portfolio tumble, but the downfall is not all bad news. The lower stock prices provide an opportunity for saving on income taxes come April 15 and beyond. Usually we think of strategies to prevent us from paying taxes on higher incomes when the markets are doing well or our job is paying well. It actually works both ways. So if you’re depressed over losing money, cheer up. Here are ways you can use those losses to your benefit. .. READ FULL ARTICLE

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