SPECIAL REPORT: Get Started Now — Trim Your Capital Gains Taxes

How To Avoid Capital Gains Taxes | States With Low and No Capital Gains Tax | Seven Tips These Experts Recommend if You Fear Capital Gains Taxes Created for {EMAIL} | [Web Version]( April 26, 2024 CONNECT WITH KIPLINGER  [LinkedIn]( [Facebook]( [X]( [Youtube]( [Instagram]( Kiplinger Today [SIGN UP]( ⋅ [SHARE]( [] Top Story [] [How To Avoid Capital Gains Taxes]( [How To Avoid Capital Gains Taxes]( (Getty Images) Investing profitably can be a challenging task, and it can be frustrating to see hard-won returns reduced by capital gains taxes. If you are looking for ways to avoid these taxes altogether, the truth is that you likely cannot. However, in case you missed it, [here are some changes you can make to your investing approach that may help you take advantage of potentially significant tax deductions](. [] Planning a Move? [] [States With Low and No Capital Gains Tax]( [States With Low and No Capital Gains Tax]( (Getty Images) Data shows that people are fleeing high-tax states like California and New York. Many are relocating to states with lower taxes. With that in mind, [these states have no capital gains tax and a few others with fairly low rates](. [The Minimum Investment for a Financial Advisor]( How much money should you have before hiring a financial advisor? Find out the level of liquid assets at which an advisor's benefits potentially outweigh the costs. [Learn More]( ADVERTISEMENT [] KIPLINGER ADVISER COLLECTIVE [] [Seven Tips These Experts Recommend if You Fear Capital Gains Taxes]( [Seven Tips These Experts Recommend if You Fear Capital Gains Taxes]( (Getty Images) The financial and investment experts of the Kiplinger Advisor Collective explain why fear of capital gains taxes shouldn’t keep you from investing. They break down their best advice for [managing and minimizing capital gains taxes]( you may incur throughout your life. [] Personal Finance [] [Capital Gains Tax Exclusion for Homeowners: What to Know]( [Capital Gains Tax Exclusion for Homeowners: What to Know]( (Getty Images) The Section 121 Exclusion is a tax provision that helps homeowners reduce capital gains taxes after selling their homes. If you meet specific requirements, you can exclude up to hundreds of thousands of capital gains from the sale of your primary residence. However, there are eligibility tests and numerous exceptions that may apply. It's important to know the requirements before determining whether you qualify. [Here’s some information to get you started](. [] Taxes [] [Caution: The Worst States for Investors With Long-Term Capital Gains]( The worst states for investors have high long-term capital gains tax rates that could eat a chunk of your earnings. [Read More]( [Have This Much Money? You May Want a Financial Advisor]( Money can't buy happiness, but research finds that if you have this much in household assets, hiring a financial advisor could help heighten your satisfaction levels. Just how much money do you need? [Learn More]( ADVERTISEMENT [] In Case You Missed It [] [Biden Calls for Doubling Capital Gains Tax]( President Biden wants to increase the capital gains tax rate and have the wealthy pay a “fairer” share. [Read More]( ABOUT KIPLINGER When we write about money, we get it right. So the decisions you make with your dollars are also right. Kiplinger is a trusted provider of unbiased financial advice, objective business and economic forecasts, and practical help to millions of business professionals, investors, and individuals seeking to make more profitable decisions with their money. Our [flagship publications]( include [Kiplinger Personal Finance]( magazine, [The Kiplinger Letter]( [The Kiplinger Tax Letter]( [Kiplinger Retirement Report]( and [Kiplinger Investing for Income.]( All are regarded as the leading publications in their respective fields. Every day, millions of readers rely on our [free e-newsletters]( for help on everything from getting the best rate on a mortgage or car loan, to managing their businesses in an uncertain world, avoiding an IRS audit, building wealth for a secure retirement, or investing wisely in any kind of market. Now it’s your turn to reap all the rewards Kiplinger has to offer. Visit [Kiplinger.com](, your gateway to all of the above and much more. Check in any time for our latest advice on how to make more money, and keep more of the money you make. Stay right on the money, with Kiplinger. [Kiplinger]( [Sign Up]( | [Print Publications]( | [Unsubscribe]( [Privacy Policy]( | [Cookies Policy]( | [Terms and Conditions]( CONTACT US: [FEEDBACK](mailto:kiplingertoday@smartbrief.com) | [ADVERTISE]( [Future]( Future US LLC © Full 7th Floor, 130 West 42nd Street, New York, NY, 10036