As many of you know, Congress has passed a sweeping overhaul to the U.S. tax code just a few months ago, the largest change to the U.S. tax code in 30 years. The new rules do not change long-term capital gains tax rates themselves for the 2018 tax year theyre 0%, 15% and 20%, the same as for 2017. But the thresholds have changed, as you can see below: 2018 Capital Gains Tax Rates Long-term capital gains tax rate Single Married, filing jointly Head of Household Married, filing separately 0% $0 to $38,600 $0 to $77,200 $0 to $51,700 $0 to $38,600 15% $38,601 to $425,800 $77,201 to $479,000 $51,701 to $452,400 $38,601 to $239,500 20% $425,801 or more $479,001 or more $452,401 or more $239,501 or more * Short-term capital gains are taxed as ordinary income. Essentially, that means if youre married and file jointly, and you can keep your income below $77,201 you will pay nothing in capital gains. Real Estate Tax Benefits Investment
Protecting Yourself and Your Family When Natural Disasters Strike Hurricanes Irma and Harvey have no doubt left many of us thinking about how well were prepared for a natural disaster. Although we dont see many hurricanes here in Cleveland, Superstorm Sandy in 2012 is probably the most recent example that comes to mind. The first thing to remember to do is to keep important records safe and easily accessible in case of an emergency. These can be anything from birth certificates to bank records. You may also want to make sure you have some cash on hand, in case you cant access an ATM or get to a bank. Its also a good idea to regularly review and update your insurance. Depending on the nature and duration of a disaster, it may be a good idea to have a copy of your credit report and contact information from your creditors you want to protect your credit score if you are unable to make regularly scheduled payments. Likewise, its a good idea to keep a list of passwords, or to use a service
Dave Higginbotham has a pretty interesting job he works part time for Arizona-based company Fire Training Structures. As you might have guessed, they make live fire training props and training simulators for various fire departments around the world. Dave flies around the country training these instructors on how to use these props and simulators. He was recently in Juneau, Alaska, facilitating training at the Hagevig Training Center. The training lasted for 2 days. It was designed around a Fire Behavior Rollover Simulator and also a propane car fire prop. The goal of the training is to teach other instructors how to neutralize those threats with minimal damage and loss of life. Dave is a Fire Captain with the City of Parma, where he lives with his wife Lisa, their daughter and two sons. In addition to his work with Fire Training Structures, he also teaches at the Tri-C Fire Training Academy where he is a lead fire instructor. In his off time he also coaches high school hockey, and
Its that time of year again! The days are getting a little shorter, and the weather is a little cooler. As you get your fall off to a good start, here are a few health tips to keep in mind. 1. Start taking a Vitamin D Supplement - we get most of our Vitamin D from the sun, so our intake decreases when the weather is cooler. The days are shorter and tend to be more overcast (especially in Cleveland!) If you find you are not getting outside as much, a Vitamin D supplement can help to boost your mood and immune system! 2. Flu-Shot while no one wants to think about winter (and cold and flu season) in Ohio, now is the time to start! 3. Prepare for the end of Daylight Savings Time: Dont forget to fall back on Sunday, November 5th. The good news is an extra hour of sleep!
Click the video below to watch Jims 2017 market outlook, and learn why diversification is so important for your portfolio.
As expected, the Federal Open Market Committee announced a .25% increase in the federal funds rate Wednesday. Its the first increase this year and just the second since June 2006. The question now is what that means for interest rates in 2017 and beyond. Click the video below to learn more about how this increase could affect your portfolio. .