Long Term Capital Gains on Stock Investment
I currently have a fantastic gain of stocks I purchased over a year ago. My positions are long term, over a year. My gain is in the ball park of $90000. I want to sell, but am considering the tax bill. My ordinary income tax bracket is 25%. So since my tax bracket is 25%, I am expected to pay capital gains tax of 15% or $13500.
From my research, is it true that if I can lower my taxable income to a income tax bracket of 15% by making donations, contributing to my 401K, Roth, Health Savings Account, Education and other deductible items so that my taxable income is less than $37000, my capital gains tax will be 0%? It appears that is the case, but want to make sure.