"Countdown" time is here again, with reminders everywhere pointing out how many days are left until anticipated events. While you're marking your calendar, remember that countdown time is great for tax planning, too, because it means you can still implement strategies to reduce your tax bill. Here
Capital gains rate starts at zero in 2008.
You already know the federal tax rate on capital gains varies, depending on your tax bracket, the kind of property you sell, and how long you owned it. But are you aware that starting next year some capital gains won't be taxed at all? From 2008 through 2010, if your taxable income falls within