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How stock losses can affect income tax (The Record) Q. What are the personal income tax ramifications of the recent drop in the value of my stocks and mutual funds? Unless you have executed sales, the stock market plunge has not had any current tax impact.
Investor Woe: Funds Fall, Taxes Rise (ABC News) Mutual fund investors, even those who lost money, could pay higher taxes soon.
ON INVESTING - Top ten tips for year-end tax strategies... (Shenandoah Valley News Today) The Emergency Economic Stabilization Act of 2008 (P.L. 110-343) was signed into law on October 3, 2008. The new law primarily provides a bailout package for the current financial crisis and also includes a temporary increase in the FDIC limits.
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