Hello, i am going to have significant capital gains and increase in my income as the company i work was sold this year and all vested and unvested options were sold. Any suggested on how i can help reduce my taxes for 2012 ? Any deductions that you can suggest that i can leverage ? Any help in the matter will be much appreciated.

Thanks

“Hello, i am going to have significant capital gains and increase in my income as the company i work was sold this year and all vested and unvested options were sold. Any suggested on how i can help reduce my taxes for 2012 ?”------>Your tax liability on your LYCG depends on your marginal tax rate; in 2008–2012, the tax rate on qualified dividends and long term capital gains is 0% for those in the 10% and 15% income tax brackets.After 2012, dividends will be taxed at the taxpayer's ordinary income tax rate, regardless of his or her tax bracket. After 2012, the long-term capital gains tax rate will be 20% (10% for taxpayers in the 15% tax bracket).After 2012, the qualified five-year 18% capital gains rate (8% for taxpayers in the 15% tax bracket) will be reinstated.
“Any deductions that you can suggest that i can leverage ? Any help in the matter will be much appreciated.”----->As described above, it depends on your tax bracket. I guess as long as your marginal tax rate is either 10% or 15%, you need to dispose f your shares before 2013 not to pay LTCG tax on your LTCG.