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Fiscal cliff looming? Ten tax moves to make now.

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In this April 2012 photo, Maine Gov. Paul LePage takes a sip out of a coffee mug where a 'no new taxes' message is displayed on the bottom of the cup at his office at the State House in Augusta, Maine.

Pat Wellenbach/AP/File

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3. Replace taxable bonds with tax-free bonds

Because it’s tax-free, a municipal bond paying 3 percent is equal to a taxable bond paying 4.6 percent in the 35 percent bracket. It will be equal to 5 percent in a 39.6 percent bracket.

Taxpayers in higher brackets should move to municipals in their nonqualified (taxable) accounts.

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