Taxes Archives - Wealthcare Financial

Federal Tax Brackets 2020-2021

The IRS issues new tax deductions, credits, and changes regularly. Inflation adjustments are a regular change that can affect your tax returns. For the tax year 2020, you probably would have filed the tax returns already. The IRS has issued inflation-adjusted tax credits and deductions for the tax year 2021. These changes will impact the […]

Tax-Loss Harvesting – How to Take Advantage of Market Downturns?

Economic downturns can quickly cause losses to your precious investments. The current downfall due to coronavirus has reached every financial market so far. There can hardly be any positive outcomes from the economic turmoil for investors. However, you can use the tax-loss harvesting strategy to minimize your losses. The Tax-loss harvesting strategy is primarily used […]

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