Discover and read the best of Twitter Threads about #TaxSeason
Most recents (4)
Tax Saving tips you probably didn't know đŻ
Read the đ§”to reduce your tax liability in the current year (2021-22)
Hit âRe-tweetâ to share the information with maximum people
(1/8)
#taxes #TaxSeason #investing
Read the đ§”to reduce your tax liability in the current year (2021-22)
Hit âRe-tweetâ to share the information with maximum people
(1/8)
#taxes #TaxSeason #investing
1) Booking Capital gains :
The Long term capital gain on equity shares & MFs are taxed at the rate of 10%, if your gain is more than Rs. 1 lakh.
So, you can strategically plan your long term investments by booking LTCG upto 1 lakh and reinvesting the money next day.
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The Long term capital gain on equity shares & MFs are taxed at the rate of 10%, if your gain is more than Rs. 1 lakh.
So, you can strategically plan your long term investments by booking LTCG upto 1 lakh and reinvesting the money next day.
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2) Tax-loss harvesting
If any of your equity holding is experiencing a consistent fall & you feel that the security has lost most of its value & chances of a rebound are bleak, you can offset the loss against capital gains that your portfolio has earned over the period.
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If any of your equity holding is experiencing a consistent fall & you feel that the security has lost most of its value & chances of a rebound are bleak, you can offset the loss against capital gains that your portfolio has earned over the period.
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đWelcome to EMS's regular Friday briefing. Today we're discussing what you all need to know for the upcoming 2022 #taxseason. You can also follow the conversation via FaceBook live fb.me/e/1Afq7p7BB @IRSnews
And for help filing and preparing tax returns on IRS.gov, visit the official IRS website. irs.gov/help
There will be more help coming beyond what we discuss today, says #IRS Commissioner Chuck Rettig. "It is our intent that filings are as smooth and seamless as possible."
Learning about common scams can help you combat fraud. As @USAGov said, fraudsters target consumers when they file their taxes, shop online, or talk to people on dating apps and websites. The #FBI has tips to help you protect yourself. #SlamTheScamChat
Tax Scams: Beware of fraudsters who pretend to work for the IRS. The @IRSnews won't call you to demand you pay your taxes with a prepaid debit card or wire transfer. If an IRS imposter calls you this #TaxSeason, file a report at ic3.gov. #SlamTheScamChat @USAGov 
Online Shopping Scams: When you shop online, confirm whether a website is secure and reputable before providing personal and financial information. Beware of suspicious websites and advertisements that offer brand name merchandise at extremely low prices. #SlamTheScamChat @USAGov
#taxes #TaxSeason the That moment when your #Adulting reality hits in after your parents say we canât claim you. You think of the number headache you have to have to file your taxes for the first time... but then...
They provided all the numbers to fill the forms. So you think weâll all I have to do is input them into a computer right?! Iâm a millennial!
2hrs in on typing your numbers you realize...
