Savings

2023 Capital Gains Tax Brackets: Know Your Tax Rate

5 min read

2023 is projected to bring about changes in capital gains tax brackets. With the potential for a major tax reform, investors should stay up-to-date with the changes to the forex market in the coming year. High earners may see a higher capital gains tax rate, while some may get a break allowing for higher profits. Investors should be prepared to pay close attention to their investments, as the market is expected to see increased volatility. With the proper research and preparation, investors can stay ahead of the ever-changing tax brackets and maximize their profit potential in the forex market.

Income

2023 Income Tax Brackets: Advice & FAQs for Forex Traders

5 min read

2023 is set to bring changes to the income tax brackets in the Forex market. The United States is expected to introduce two new tax brackets for individuals – the lowest at 12% and the highest at 37%. The new rates are projected to affect high-income earners, with most lower- and middle-income Americans paying the same percentage as before. This could potentially impact profits or losses for those who engage in Forex trading and other investments. It’s important to familiarize yourself with these changes to understand how they may affect you and your Forex profits.