Tax and financial advice from the Silicon Valley expert.

Is 2011 your last chance to position yourself for 15% capital gains?

2011 might be your last chance to position yourself for long-term capital gains eligible for the 15% maximum federal tax rate for long-term capital gains. In addition, the 3.8% Medicare tax on investment income when adjusted gross income exceeds $200,000 for singles and $250,000 for married filing joint returns enacted as part of the Health Care Reform legislation will also become effective after 2012, so the maximum long-term capital gains rate for high-income taxpayers is scheduled to be 23.8%. The Bush tax cuts, which were extended to 2011 and 2012 are scheduled to expire after next year.

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Tax and financial advice from the Silicon Valley expert.