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  2. Capital gains tax in the United States - Wikipedia

    en.wikipedia.org/wiki/Capital_gains_tax_in_the...

    Corporations with net losses of any size can re-file their tax forms for the previous three years and use the losses to offset gains reported in those years. This results in a refund of capital gains taxes paid previously. After the carryback, a corporation can carry any unused portion of the loss forward for five years to offset future gains. [10]

  3. How to write off worthless stock and get a tax break - AOL

    www.aol.com/finance/write-off-worthless-stock...

    The process is called tax-loss harvesting, and you can use capital losses on investments such as stocks and exchange-traded funds to offset capital gains taxes. Plus, you can offset up to $3,000 ...

  4. Qualified Small Business Stock - Wikipedia

    en.wikipedia.org/wiki/Qualified_Small_Business_Stock

    The tax benefit can exclude up to 100% of capital gains on the sale of QSBS held for five years. [4] The tax exemption allows for the exclusion from taxable income of capital gains up to the greater of $10 million or 10 times the shareholder's basis in their stock (i.e., initial investment in the company). [5]

  5. Community property - Wikipedia

    en.wikipedia.org/wiki/Community_property

    Community of Acquests and Gains: Each spouse owns an undivided half-interest in all property acquired during the marriage, except for property acquired by gift or inheritance during the marriage, which is separate property; or which traces to separate property acquired before the marriage, which remains separate property; or which is acquired during a period when the couple are permanently ...

  6. Capital gains tax - Wikipedia

    en.wikipedia.org/wiki/Capital_gains_tax

    Individuals paid capital gains tax at their highest marginal rate of income tax (0%, 10%, 20% or 40% in the tax year 2007/8) but from 6 April 1998 were able to claim a taper relief which reduced the amount of a gain that is subject to capital gains tax (thus reducing the effective rate of tax) depending on whether the asset is a "business asset ...

  7. Tax-free weekend offers big savings on back-to-school items ...

    www.aol.com/tax-free-weekend-offers-big...

    Clothing, books, and computer tablets priced at less than $750 are just some of the items that will be tax-free during the weekend of July 21-23. Tax-free weekend offers big savings on back-to ...

  8. Wash sale - Wikipedia

    en.wikipedia.org/wiki/Wash_sale

    This allows investors to lower their tax amount with the use of investment losses. [5] Wash sales and similar trading patterns are not themselves prohibited; the rules only deal with the tax treatment of capital losses and the accounting of the ongoing tax basis. Tax rules in the U.S. and U.K. defer the tax benefits of wash selling at a loss.

  9. Get ready for South Carolina tax-free weekend: What to know ...

    www.aol.com/ready-south-carolina-tax-free...

    Last year, S.C. shoppers purchased over $30.4 million in tax-free items during the tax-free weekend. Skip to main content. 24/7 Help. For premium support please call: 800-290-4726 more ways to ...