Tax-Loss Harvesting

Introduction: As the year draws to a close, savvy investors are exploring strategies to optimize their tax liabilities and preserve more of their hard-earned money. One often-overlooked yet potent technique is tax-loss harvesting. This proactive strategy involves turning investment losses into a tax advantage by strategically selling underperforming assets. In this comprehensive guide, we’ll delve into the intricacies of tax-loss harvesting, its potential benefits, and actionable steps you can take before the December 31 deadline. Understanding Tax-Loss Harvesting: A Path to Tax Efficiency Tax-loss harvesting is not merely a reactive…