A long-term, disciplined investment strategy is the single best way to turn your financial goals into realities. Another consequence of financial success is, of course, taxes. To help you understand some of the most important tax laws affecting investors, we've included general information on the 1997 Taxpayer Relief Act and an overview of mutual fund taxation.
Tax laws are extremely complex and change constantly.
For specific questions and tax advice about your personal situation, always be sure to consult with an accountant, a lawyer, or a tax advisor. In August of 1997, The Taxpayer Relief Act became law, making it easier than ever for Americans to invest and save their money. The act is an extensive piece of legislation that addresses many different areas of investing. One of the things the Taxpayer Relief Act did was to provide certain tax credits that make college funding more affordable. It's available for each of the first two years of college, providing the student attends classes on at least a half-time basis.