9 Ways to Avoid Capital Gains Taxes Legally (IF You Do it NOW)

Investors don't realize the most important part of investing...is keeping your hard-earned money. That means not paying out all your profits in taxes. There are ways to avoid capital gains taxes but only the richest investors with teams of accountants know all nine tax tricks I'll show you today. You can avoid taxes but you need to do these right now.

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0:00 How to Avoid Capital Gains Taxes Legally
1:30 What are Capital Gains Taxes?
1:55 Capital Gains Tax Rates
2:55 Capital Gains Tax Form
3:09 Difference between Long-Term and Short-Term Capital Gains
5:39 The Tax Mistake Options Investors Make
7:25 Why Investors Pay Too Much in Short-Term Capital Gains Taxes
8:17 Deducting Expenses to Lower Capital Gains Taxes
8:34 How I Saved $1500 in Capital Gains Taxes
9:50 Avoiding Capital Gains Taxes on Dividends
10:42 How to Use Tax Loss Harvesting the Right Way
12:57 How do Charitable Deductions Lower Taxes
15:39 How to Get a 50% Return and Avoid Taxes
15:37 How the Government Helps You Avoid Taxes

Helpful information for avoiding capital gains taxes:

Joseph Hogue, CFA spent nearly a decade as an investment analyst for institutional firms and banks. He now helps people understand their financial lives through dividend stocks, investing and ways to make more money. He has appeared on Bloomberg and on sites like CNBC and Morningstar. He holds the Chartered Financial Analyst (CFA) designation and is a veteran of the Marine Corps.
#capitalgains #taxes #taxplanning

[nicoleteixeira]

If you’ve been paying attention, you’ve probably noticed that inflation is at a 40-year high, you’re probably not earning at a rate to match this increase. you work hard for your money, now allow it to work for you, your Money loss value in the bank you're also missing out on free money when you don't use money to make money, that's why investment is essential for financial stability .

[charlesrivers]

Yup, I've had two situations which you talked about. One, is that I got a corrected 1099 in September for the 2022 tax year. The other, is the wash sale you talked about that I had no idea it would happened when I sold my Companies shares. First time doing that and I didn't know how it worked. Thanks for the lesson!

[misterringer]

Loss selling and buying a fund attached to the Thanks so much for that tip! EDIT: Also didn't know about bond exemptions. Definitely going to be looking into those now.

[ChadWondra]

Fantastic video! Excellent tips. A must watch as we get closer to year-end.

[kirkNJ]

Great video, Joe. There's a way to earn dividends in a taxable account and still to avoid (or at least delay and reduce) taxes. -- buy stock in master limited partnerships (MLPs) like ET and EPD. Maybe you could do a video explain how that works.

[Boomapplesauce]

Just saying thank you for all the great free content!

[lukewee]

Thank you, Sir. You are the best at explaining taxes. When I don’t know a tax question, l research your content first. I have learned a lot. May the Universe bless you for your generosity!

[neophytestacker]

Damm!!!! Those Nice! Thank you for all your hard work on your channel Joe!! I learn so much every time!!!

[johnveit]

When should I acquire a Financial Advisor?

[ScrambleEverything]

Sounds good 🎉 muni bonds in CA interesting yields!

[busenfreund]

so if we sell a covered call a year out it would be long term capital gains correct?

[GMNGChristian]

Can I take the unqualified dividends from my REITs and throw them into a Roth and avoid taxes like that? At least for the first 6k

[tritosac]

Hypothetical question. Let's say you own a home that is your primary residence for 20 years. You sell your home after 20 years. Currently tax law states the first $250K of long term capital gains is not taxed on the sell of a primary residence-for a single person. If your total INCOME for the year is LESS than $44K you still would NOT owe any long term capital gains tax on a gain ABOVE the $250K threshold. Correct?

[murtpep]

Oh my god that is unreal. I have to pay 33% on all capital gains over €1270 per year in Ireland. Your tax rate is so cheep

[JackC]

Very good video Joseph. I have a bunch of ET that I think I'll shift to my IRA

[openfor]

Does holding BIL and its monthly Dividend qualify for the exemption on taxes on these dividends? PS: Another great video Joesph!

[allenchase]

Is the work income added to the capital gains?

[callingwind]

Being in Switzerland is perfect for that ;) no capital gains at all :) good luck USA !

[amyc]

I wish I had learned all this in high school.

[JohnHobitakis]

Can I capture tax loss harvesting by selling a stock in a taxable account but then buying that same stock in my roth ira?