Before selling an investment that has increased in value, check how long you’ve owned it. Waiting more than one year may qualify you for a big tax break.
The goal is usually to leave the money invested for the long term, but it’s helpful to know your original contributions might be available if life throws a curveball.
For some taxpayers, provisions of Donald Trump’s so-called One, Big, Beautiful Bill Act reduced their tax liability, which may have led to larger refunds.