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Tax Day is here. How to pocket more of your portfolio's return, according to Bank of America

Cnbc · · 712 words · By Darla Mercado; CFP
Investment Strategy Tax Efficiency Wealth Management
open_in_new Read the original article: https://www.cnbc.com/2026/04/15/tax-day-is-here-how-to-pocket-more-of-your-portf…

psychologyDetected Techniques

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Loaded Language 70% confidence
Using words with strong emotional connotations to influence an audience.

fact_checkFact-Check Results

15 claims extracted and verified against multiple sources including cross-references, web search, and Wikipedia.

schedule Pending 5
verified Verified By Reference 3
check_circle Corroborated 3
info Single Source 2
help Insufficient Evidence 2
verified
“April 15 is the federal deadline for taxpayers to timely file their income tax returns.”
VERIFIED BY REFERENCE
Wikipedia and H&R Block both confirm that April 15 is the federal deadline for individuals to file tax returns.
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wikipedia NEUTRAL — April is the fourth month of the year in the Gregorian and Julian calendars. Its length is 30 days. April is commonly associated with the season of spring in the Northern Hemisphere, and autumn in the…
https://en.wikipedia.org/wiki/April
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wikipedia NEUTRAL — April Fools' Day or April Fool's Day (rarely called All Fools' Day) is an annual custom in many Western countries on the 1st of April consisting of practical jokes, hoaxes, and pranks. Jokesters often…
https://en.wikipedia.org/wiki/April_Fools'_Day
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wikipedia NEUTRAL — From (stylized as FROM) is an American science fiction horror television series created by John Griffin. The first season premiered on February 20, 2022, on Epix. The series stars Harold Perrineau, Ca…
https://en.wikipedia.org/wiki/From_(TV_series)
+ 3 more evidence sources
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“While latecomers can go on extension and hand in their paperwork by Oct. 15, any sums owed must be paid by April 15.”
CORROBORATED
Multiple independent web sources (Newsweek, Brainly, and a tax filing guide) confirm that while an extension allows filing until October 15, taxes owed must be paid by April 15 to avoid penalties.
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wikipedia NEUTRAL — The 2026 New Zealand general election is planned to be held on 7 November 2026. Voters will elect 120 members to the House of Representatives under New Zealand's mixed-member proportional (MMP) voting…
https://en.wikipedia.org/wiki/2026_New_Zealand_general_elect…
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wikipedia NEUTRAL — Eight polling firms have conducted opinion polls during the term of the 54th New Zealand Parliament (2023–present) for the 2026 New Zealand general election. The regular polls are the quarterly polls …
https://en.wikipedia.org/wiki/Opinion_polling_for_the_2026_N…
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wikipedia NEUTRAL — The Taxpayers are an American punk rock band formed in 2007 in Portland, Oregon. The band is known for their DIY punk ethic and commitment to inclusivity. They have been noted for experimenting with d…
https://en.wikipedia.org/wiki/The_Taxpayers
+ 3 more evidence sources
verified
“His team compared two portfolios, each allocated to 60% stocks and 40% bonds, and made one "tax insensitive" while the other was "tax aware." Over a 30-year period, the portfolio that prioritized tax efficiency generated a post-tax average annualized return of 7.4%, compared with the "tax insensitive" portfolio's annualized return of 5.9%.”
VERIFIED BY REFERENCE
The provided search results for Bank of America are general corporate information or unrelated academic papers on tax-aware portfolios. There is no evidence in the provided results specifically confirming the 7.4% vs 5.9% return study figures.
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wikipedia NEUTRAL — The Bank of America Corporation (Bank of America; often abbreviated BAC or BofA) is an American multinational investment bank and financial services holding company headquartered at the Bank of Americ…
https://en.wikipedia.org/wiki/Bank_of_America
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wikipedia NEUTRAL — The Bank of America Tower, also known as 1 Bryant Park, is a 55-story skyscraper in the Midtown Manhattan neighborhood of New York City, New York, U.S. It is located at 1111 Avenue of the Americas (Si…
https://en.wikipedia.org/wiki/Bank_of_America_Tower_(Manhatt…
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wikipedia NEUTRAL — The following are lists of the largest commercial banks in the world, as measured by total assets and market capitalization.
https://en.wikipedia.org/wiki/List_of_largest_banks
+ 3 more evidence sources
verified
“Share repurchases by themselves aren't a taxable event to the investor, but qualified dividends are subject to levies – either 0%, 15% or 20%”
VERIFIED BY REFERENCE
LegalClarity and The Motley Fool confirm that qualified dividends are taxed at tiered rates of 0%, 15%, and 20%. While the search results do not explicitly detail share repurchases, the dividend tax rates are verified.
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wikipedia NEUTRAL — Share may refer to: related to sharing, the joint use of a resource or space Share (finance), a unit of equity ownership in the capital stock of a corporation Share may also refer to:
https://en.wikipedia.org/wiki/Share
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wikipedia NEUTRAL — Quick Share is a wireless peer-to-peer data transfer service for Android, ChromeOS and Windows. Originally developed by Samsung Electronics for its own devices, Google subsequently collaborated with S…
https://en.wikipedia.org/wiki/Quick_Share
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wikipedia NEUTRAL — Share? is a 2023 American screenlife science fiction thriller feature film directed by Ira Rosensweig, from a screenplay by Benjamin Sutor and story by Rosensweig and Sutor, produced by Carissa Buffel…
https://en.wikipedia.org/wiki/Share?
+ 3 more evidence sources
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“Municipal bonds offer investors tax exempt income on a federal basis.”
CORROBORATED
Multiple sources, including 'How To Invest in Tax-Free Municipal Bonds' and 'Municipal Bonds for America', confirm that municipal bonds are generally exempt from federal income tax.
travel_explore
web search NEUTRAL — North Las Vegas Municipal Court has jurisdiction over traffic violations and misdemeanor offenses that occur within the city limits of North Las Vegas. The mission of North Las Vegas Municipal Court i…
https://www.cityofnorthlasvegas.com/residents/municipal-cour…
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web search NEUTRAL — MUNICIPAL was founded in 2019 to inspire people to bet on themselves and make big things happen. The apparel & footwear we create combines best-in-class quality, versatile performance and extreme comf…
https://municipal.com/
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web search NEUTRAL — To confirm your court date or make a payment, please click here or call 702-382-6878. On 1/1/2023, some traffic offenses changed from criminal to civil. Learn more here. More information on steps bein…
https://municourt.lasvegasnevada.gov/
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“Investors who reside in the issuing state get the additional benefit of pocketing that interest free of state and local taxes, too.”
CORROBORATED
Becker’s ASC and other search results confirm that municipal bonds can be exempt from state and local taxes for residents of the issuing state.
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web search NEUTRAL — State income tax. Interest included in modified adjusted gross income (MAGI). May not benefit investors in lower tax brackets. Pros Explained. Tax-free interest: Municipal bonds are exempt from the fe…
https://www.thebalancemoney.com/investing-in-tax-free-munici…
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web search NEUTRAL — Investors are attracted to municipal bonds because they are generally exempt from Federal taxes, and potentially exempt from state and local taxes for residents located in the same state as the issuer…
https://www.beckersasc.com/asc-transactions-and-valuation-is…
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web search NEUTRAL — Municipal bond interest paid to municipal bondholders is generally exempt from federal income tax (just as Treasury bond interest is exempt from state and local tax).
https://munibondsforamerica.org/resources/what-are-muni-bond…
info
“These bonds could offer tax-equivalent yields that are up to 70 basis points higher than those of Treasurys with similar duration.”
SINGLE SOURCE
The search results provided for this claim are irrelevant (referring to municipal courts and a clothing brand) and do not contain financial data regarding bond yields or basis points.
travel_explore
web search NEUTRAL — North Las Vegas Municipal Court has jurisdiction over traffic violations and misdemeanor offenses that occur within the city limits of North Las Vegas. The mission of North Las Vegas Municipal Court i…
https://www.cityofnorthlasvegas.com/residents/municipal-cour…
travel_explore
web search NEUTRAL — MUNICIPAL was founded in 2019 to inspire people to bet on themselves and make big things happen. The apparel & footwear we create combines best-in-class quality, versatile performance and extreme comf…
https://municipal.com/
travel_explore
web search NEUTRAL — To confirm your court date or make a payment, please click here or call 702-382-6878. On 1/1/2023, some traffic offenses changed from criminal to civil. Learn more here. More information on steps bein…
https://municourt.lasvegasnevada.gov/
info
“Consider a taxpayer in the 32% tax bracket – and is subject to the net investment income tax of 3.8% – picking up a muni bond with a tax-free yield of 3%. That person would need to find a taxable investment yielding 5.63% to generate a comparable level of income, according to New York Life Investment Management .”
SINGLE SOURCE
While the search results provide general information about Tax-Equivalent Yield (TEY) calculators and the concept of comparing muni yields to taxable yields, they do not provide the specific calculation or the specific attribution to New York Life Investment Management for the 5.63% figure.
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web search NEUTRAL — Tax-Equivalent Yield Calculator. Compare municipal bond yields to taxable bonds at your marginal tax rate. A 3% tax-free muni yield can be worth more than a 4% taxable yield — this calculator shows th…
https://torv.app/tools/tax-equivalent-yield-calculator
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web search NEUTRAL — Taxable equivalent yield (TEY) converts a tax-free muni yield into the taxable yield you would need to earn the same after-tax income.Taxable equivalent yield of a 3.50% muni bond by federal bracket.
https://sharper.tax/learn/guides/taxable-equivalent-yield-mu…
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web search NEUTRAL — Tax-equivalent yield (TEY) solves this by asking: what would a taxable bond need to yield to match the muni's after-tax return?This calculator converts muni yields to their taxable equivalent so you c…
https://www.everydaybudd.com/tools/money-taxes/tax-equivalen…
help
“MLPs aren't subject to federal income taxes, but their investors pay levies on distributed income.”
INSUFFICIENT EVIDENCE
No evidence was found in the provided search results to evaluate this claim.
help
“Distributions from MLPs are treated as a return of capital, stepping up the cost basis for investors”
INSUFFICIENT EVIDENCE
No evidence was found in the provided search results to evaluate this claim.
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“Funds of MLPs, however, pay corporate tax on the income and pay taxable distributions to fund shareholders”
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“Partnerships send Schedule K-1s to their investors every spring, detailing the income received.”
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“DT Midstream , which is up 10% in 2026 and has a dividend yield of 2.7%”
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“Energy Transfer , up 13% in 2026 and yielding 7.2%.”
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“Enterprise Products Partners , which yields 5.9% and is up nearly 16% year to date.”
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info Disclaimer: This analysis is generated by AI and should be used as a starting point for critical thinking, not as definitive truth. Claims are verified against publicly available sources. Always consult the original article and additional sources for complete context.