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Capital gains carry a favored tax status.
Consider putting more dollars in investments that return capital gains. Consider balancing your winners and losers to maximize this deduction each year. Investments producing high taxable annual income can be given to family members who are in lower tax brackets, thereby saving taxes for the overall family group. Depending on your tax bracket, you may benefit from investing in municipal bonds . The level of these investments may need to be adjusted as your total income picture changes.