Maximize Your Tax Savings Through Smart Use of Your Brokerage Account
Wednesday, 10 April 2024, 11:35
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Using Your Brokerage Account for Tax Savings
With tax season upon us, utilizing your brokerage account could provide hidden tax break opportunities. Discover how selling underperforming assets can reduce your tax liabilities.
Capital Losses for Tax Advantage
- Selling assets at a loss can offset capital gains.
- Offset Ordinary Income: Use up to $3,000 in capital losses to offset income.
Make strategic tax moves by consulting with financial advisors to optimize your tax situation.
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