Facebook Linkedin Twitter

Harvesting Capital Losses

There’s still time to save 2025 taxes

401K, Charitable Contributions, Charitable Donations, Deductions, Income Tax, Individual Income Tax, Itemized Deduction, Pass Through Taxation, Stocks, Taxes 2025, Traditional IRA /

Just because it’s December doesn’t mean it’s too late to reduce your 2025 tax liability. Consider implementing one or more of these year-end tax-saving ideas by December 31. Defer income and accelerate deductions Pushing income into the new year will reduce this year’s taxable income. If you’re expecting a bonus at work, for example, ask if […]

There’s still time to save 2025 taxes Read More »

The “wash sale” rule: Don’t let losses circle the drain

Capital Gains, Capital Losses, Cryptocurrency, Federal Taxes, Individual Tax Tips, Investment, Mutual Funds, Securities, Stocks, Tax Savings, Wash Sale /

Stock, mutual fund and ETF prices have bounced around lately. If you make what turns out to be an ill-fated investment in a taxable brokerage firm account, the good news is that you may be able to harvest a tax-saving capital loss by selling the loser security. However, for federal income tax purposes, the wash

The “wash sale” rule: Don’t let losses circle the drain Read More »