News & Tech Tips

RITA Tax Rate Increases

The Regional Income Tax Agency (RITA) has announced municipal income tax rate increases as a result of recent elections. The majority of these rate increases, listed below, will take effect July 1, 2017.

Pay attention to the details when selling investments

The tax consequences of the sale of an investment, as well as your net return, can be affected by a variety of factors. You’re probably focused on factors such as how much you paid for the investment vs. how much you’re selling it for, whether you held the investment long-term (more than one year) and the tax rate that will apply.