The mortgage payment is the biggest fixed cost that many families have, and getting rid of it frees up a lot of funds. It is also a large source of tax deductions. Interest rates are almost comically low right now. Should you pay off your mortgage or keep it? Here are a few questions to help you… [Read More]
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Tag: income taxes
Handy Guide to Derivatives Tax Issues for the Day Trader
I recently had a Day Trading for Dummies reader ask me about the tax effects of an equity options strategy that he was using. His broker was not giving him a clear answer, and that’s not a surprise – derivatives are taxed differently than stocks and bonds, which is part of their appeal for day… [Read More]