Fidelity's Tax Tip: Maximize Your Returns
Durham News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Fidelity Investments reveals a simple tax strategy: deduct up to $3,000 of capital losses against ordinary income, regardless of itemizing. Tax-loss harvesting, selling losing investments and buying similar ones, can save an average client $4,126 annually. Maximizing tax-advantaged accounts, like 401(k)s and HSAs, can further boost savings. Start now to harvest losses and track contributions.
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