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Ideal Tax Brackets to Aim For When Tax Planning

Writer's picture: Susan GeistSusan Geist

Updated: Nov 28, 2023



When working on tax planning, which brackets should you aim for? These three have distinct advantages!


1) 24% Tax Bracket: When planning how to space out tax deductions and depreciation, aiming for the 24% bracket can be a good goal. There’s a big jump up to the 32% tax bracket, but the next tax bracket down only drops to 22% - it might be better to save those extra write-offs until the next year to again drop your income from the 32% bracket to the 24% bracket instead of saving an extra 2% this year.


2) 0% Capital Gains Tax Limit: If your income is lower, you can earn all of your capital gains tax-free by staying under these total income amounts!


3) 15% Capital Gains Tax Limit: If your income is a bit higher, staying in this income range will allow your capital gains to be taxed at the 15% rate rather than bumping up to the 20% rate.

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While we love diving into investing and tax strategies, we are not financial professionals. Neither of us is a financial advisor, portfolio manager, or accountant. This is not financial advice, investing advice, or tax advice. The information in this document is for informational and recreational purposes only. Investment products discussed (ETFs, index funds, real estate assets, etc.) are for illustrative purposes only. It is not a recommendation to buy, sell, or otherwise transact in any of the products mentioned. Do your own due diligence. Past performance does not guarantee future returns. Rising Femme Wealth, LLC.

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