Capital Gains

What Changed

The new tax law didn’t substantially change the capital gain landscape. Long-term capital gain rates are still assessed at 0%, 15%, or 20% depending on your income level for the year. The additional 3.8% Medicare tax for taxpayers who qualify was also retained in the new legislation.

Planning Opportunities

Given the minimal changes, the planning opportunities remain largely the same. Appreciated securities could be good assets to donate to charity to avoid the capital gain tax and preserve your liquid cash. Gifting appreciated assets to children who are in lower tax brackets may also help reduce the tax burden when securities are sold later.

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Tax reform will have a varying impact on the deductibility of charitable giving in 2018 and beyond.