5 Tax Breaks for 2019 You Should Not Miss

Gift-based deductions

Under the new tax law an individual is allowed up to $11.4 million in gift and estate tax exemptions and double that for a couple. That is a massive amount, yet for some this is a good year to consider gifting assets that you eventually planned to give away, including property.

You can gift $15,000 a year to anyone without affecting this exemption amount, so if your estate is large it might be worthwhile to begin disbursing cash, stock and possessions early and often.

However, consider the impact on the receiver. If they decide to sell your gift of stock upon receiving it, they could be subject to capital gains taxes. On the other hand, if they receive stock as an inheritance on your death they should be able to get a “step up” in basis cost, erasing the tax burden.

Before you make a decision, it is best to check with your accountant and your lawyer so both you and the receiver benefit from your choices.

Small-cap winners galore

The big stock market winners share one common attribute: Near the beginning of the ascent of their shares, the companies offer revolutionary products or services, are market leaders in their respective industries, or both. Some big stock market winners that possessed the attributes outlined above are Netflix (NFLX), which we recommended to investors in October 2002; Intuitive Surgical (ISRG), which we bought and recommended in July 2004; Baidu.com (BIDU), which we bought and recommended in August 2006; and MercadoLibre (MELI), which we recommended to investors in October 2010. Get up-to-date small-cap stock picks from David Frazier, editor of Small-Cap Profit Confidential.
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Smarter cryptocurrency investments

The stock market crash of 2008 was the catalyst for his journey into alternatives. And interestingly, it was the impetus behind the creation of Bitcoin and the blockchain technology behind it. Keene Little wasn’t ready to risk his money yet but he was very curious, so he began charting Bitcoin’s technical patterns. What finally convinced him to dip a toe into digital currencies was seeing that they followed familiar price patterns that could be analyzed and successfully acted on. Now he shares those insights with subscribers to the Crypto Wealth Protocol.
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