New Capital Gains Tax Rates and Their Effect on Investment Strategies
Along with the new tax year comes potentially updated capital gains tax rates, for both long-term and short-term capital gains. Increases in capital gains taxes can occur as a result of both increases in inflation and legislative changes. These new tax rates are important factors to take into consideration when an investor allocates and rebalances an investment portfolio, particularly when deciding between selling or holding positions in order to maximize potential gains and minimize loss incurred from taxes.
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- Anthony Winkels is Managing Partner and Wealth Advisor at Fortis Wealth Management
