It’s Not Too Late to Make a Tax Plan
The holiday season has begun. As you sit down for your holiday dinner, remember that soon Uncle Sam will be visiting you to enjoy his share of your bounty. Despite the hustle and bustle of the holidays, the savvy taxpayer will make room in their overstuffed holiday calendar to complete year-end tax planning. Of course, it would be best to take steps to minimize taxes all year. Fortunately, if you have failed to do so, there are still some options that can be utilized before year end.
Sell the losers
If your taxable income needs to be offset, you should consider selling assets that have lost value before the end of the year.
You may read more at the link below.
by: Gina M. Barry