Strategies for minimizing your tax bill next year
Take a breather, but make it short. With another tax-filing season behind, it’s time for savvy investors to review any tax mistakes made last year. It’s crucial to avoid repeating them because taxes on investment income could rise sharply in January unless Congress acts to extend currently low rates. Here are some tax tips from Duncan Richardson of Eaton Vance, an investment company that specializes in tax strategies for mutual fund investors.