Want to Pay 0% in Taxes? Here’s How

One of the greatest expenses business owners and retirees alike face is income taxes. That’s why a forward-thinking tax planner is so valuable. They can leverage the Internal Revenue Code (IRC) to lower your taxes and help you build wealth. However, there’s another tax that affects business owners and investors of all types. Of course, I’m referring to the capital gains tax. This tax is levied on the net gains you make when selling capital assets like stocks, businesses, land, works of art, etc.

But what if I told you, it was possible to minimize capital gains taxes to get a 0% tax rate? 

In 2021, a married couple filing jointly and making below $80,800 per year (including capital gains earnings) pays no capital gains taxes. With that in the back of your mind, your goal is to reduce your family’s taxable income to $80,800 or less in the years when you earn capital gains. You may think that’s impossible, but it’s not.