Made a Lot of Money in the Stock Market This Year? Here's How to Lower Your Capital Gains Taxes

When you are thinking of cashing out some of these investments while they are active, don't forget to consider your decisions from a tax perspective. If you sell investments for more than you paid for them, you will have to pay taxes on your capital gains. The tax rates on these gains are highest for investments held for a year or less prior to sale.

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