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No one should pay more income tax than the rules require. But if you don't know all the rules, it's easy to make mistakes that can be costly.
Taxes should never be the only-or even the most important-consideration when investing in mutual funds. You should look for funds that have solid management and good track records and that meet your long-term investment strategy. These features are more likely to help you meet your financial goals, even considering the cost of taxes.
IRS Circular 230 Disclosure: American Century Companies, Inc. and its affiliates do not provide tax advice. Accordingly, any discussion of U.S. tax matters contained herein (including any attachments) is not intended or written to be used, and cannot be used, in connection with the promotion, marketing or recommendation by anyone unaffiliated with American Century Companies, Inc. of any of the matters addressed herein or for the purpose of avoiding U.S. tax-related penalties.
This information is for educational purposes only and is not intended as tax advice. Please consult your tax advisor for more detailed information or for advice regarding your individual situation.
This material has been prepared for educational purposes only. It is not intended to provide, and should not be relied upon for, investment, accounting, legal or tax advice.