As year-end approaches, investors could be missing a key tax planning opportunity, depending on 2025 earnings. But hidden pitfalls could reduce tax savings or cause other issues, financial experts say.
If your taxable income falls within the 0% capital gains bracket, you could sell profitable brokerage account assets without triggering a tax bill.
You can use the strategy, known as “tax gain harvesting,” to diversify your portfolio. You can also leverage the 0% bracket to reset your “basis,” or the asset’s original purchase price, to save on future taxes.
While the stock market was down mid-day on Friday, the S&P 500 was still up by more than 17% year-to-date as of Dec. 11.
Here’s a look at other stories offering insight on ETFs for investors.
