Individual Tax Planning for the Coming Capital Gains Tax Rate Increases

Posted on

It appears to be a pretty safe bet that the tax rate on Long Term Capital Gains (LTCG), like the gain from the sale of a typical business, will be higher in 2013 and future years compared to the favorable 15% LTCG rate for individuals that we enjoy now.  The scheduled expiration of the Bush tax cuts, and the budget proposals recently submitted by the President call for an increase in the Federal LTCG to 20%.

Read More: Tax Planning for Capital GainsIncreases

About the Author

Keiter CPAs is a certified public accounting firm serving the audittax, accounting and consulting needs of businesses and their owners located in Richmond and across Virginia. We focus on serving emerging growth businesses and companies in the financial servicesconstructionreal estatemanufacturingretail & distribution industries and nonprofits. We also provide business valuations and forensic accounting servicesfamily office services, and inbound international services.

More Insights from Keiter CPAs

The information contained within this article is provided for informational purposes only and is current as of the date published. Online readers are advised not to act upon this information without seeking the service of a professional accountant, as this article is not a substitute for obtaining accounting, tax, or financial advice from a professional accountant.


How Can We Help You and Your Business?

Innsbrook Corporate Center
4401 Dominion Boulevard
Glen Allen, Virginia 23060

804.747.0000 or 804.273.6200