For tax years beginning after 2007, the Jobs and Growth Tax Relief Reconciliation Act of 2003 reduced the 5% tax rate on adjusted net capital gains to 0% for those taxpayers who are in the 10% or 15% ordinary income tax bracket.  Taking advantage of the lower rates will take some planning that should be considered early in the tax year.  Click on Full Article to read more.

By Patrick J. Lavoie, CPA