The 0% tax rate is meant for lower-income people, and surprisingly, that may include many clients of financial advisors.
“We find this topic is misunderstood and underutilized,” says Kris Gretzschel, manager of the tax and financial planning group at Wells Fargo Advisors in St. Louis. “We look for opportunities to educate our clients on how and when they can take tax-free capital gains, and we also look to take advantage of the 0% tax rate when building a portfolio that will generate retirement income.”
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