Tax smart investing latest market data shows S&P 500

Latest market data shows S&P 500 gaining 0.8% this week, with investors increasingly focusing on "tax smart investing" strategies to optimize returns amid rising capital gains tax expectations. Analysts forecast tech sector EPS growth at 12% YOY, making tax-efficiency crucial for portfolio rebalancing. While eliminating federal income taxes would give someone earning $250,000 a dramatic short-term pay boost, the funds for essential services would have to come from somewhere. New costs could show up in other areas. If you aren’t already doing so, take full advantage of the benefits of tax-advantaged accounts like 401(k) and individual retirement accounts (IRAs), including contributing the maximum allowable amount each year, ideally with matching funds from an employer. Utilities sector saw mild growth of 0.3%, yet remains a stable dividend source. "Tax smart investing" strategies favor holding utility stocks in taxable accounts to capitalize on qualified dividend rates.