Five Closed-End Funds That Pay Tax Free Dividends

Stockerblog submits: The best time to do your tax planning is immediately. One great way of reducing your taxes is putting your surplus funds in stocks that pay tax free dividends.

If you haven’t filed your 2012 federal income taxes yet, the clock is ticking. As of today, you have two weeks to get them in by the filing deadline of April 17, 2012.

If you haven’t filed your 2012 federal income taxes yet, the clock is ticking. As of today, you have two weeks to get them in by the filing deadline of April 17, 2012.

By Stockerblog: Here are your choices for income investments: 1. Savings accounts that pay less than half a percent 2. Certificates of deposits that barely pay one percent 3. Regular income stocks that pay dividends that are fully taxable 4. Corporate bonds that pay fully taxable income 5. Treasury bonds and notes that are Federally taxable 6.

Stockerblog submits: Many investors and traders are looking for places to put their cash that they don't have committed to stocks, especially when most brokerage firms are paying less than one percent. One area that some are turning to is the tax free closed end funds, also known as CEFs.

Stockerblog submits: Income investors love the benefits of stocks that pay their dividends monthly, whether they are retired, looking for income or active investors parking their profits. According to the Excel list that was just updated by WallStreetNewsNetwork.com, there are almost 300 different securities that pay monthly, most with very high yields.

About 1.25 million Americans would pay more in taxes next year if President Barack Obama’s latest plan is approved. The White House wants to allow taxes to rise for households making more than $250,000 by boosting the top marginal tax rates to 36 and 39.6 percent (currently, it’s 33 and 35 percent).

With so many changes looming for 2013, it's easy to forget that there were some significant tweaks to the Tax Code for 2012. Here's a list of eleven changes to keep in mind before you file your 2012 tax return, due April 15, 2013: Payroll tax credit will still affect self-employed taxpayers. The expiration of the payroll tax credit for 2013 was big news - but don’t forget that the credit was still in place for 2012.