Top Ten Tax Deductions for Owning a Home

They say owning a home is the American dream, and borrowing to pay for one is a taxpayer’s dream. Having recently purchased my first home, I was interested in the tax benefits now available to me. [...]

Understanding Capital Gains Tax Rates

The advantage of capital gains, as opposed to ordinary income, is that the basic maximum tax rate on capital gains for property held for more than one year is currently 15 percent. In contrast, the top four ordinary income tax rates are all higher than this, with the top rate for 2005 through 2010 at [...]

How Taxes Affect Your Returns

Last week I discussed why costs matter when investing. By considering taxes as an additional expense, you’ll be able to make informed decisions that, all else being equal, can help your portfolio’s returns over the long run.
Research by Vanguard’s Investment Counseling & Research group shows that taxes on dividends and capital gains can be a [...]