VZ - If You Want To Take Advantage Of Tax-Loss Harvesting This Year You Need To Act Right Away (UPDATED) | Benzinga
Editor's Note: This article has been updated to correct the tax-loss selling deadline for this year, which is Dec. 29, 2023, not Dec. 27 as previously reported by other sources.
There are only a few trading days left in 2023 and there's even less time remaining for those who want to take advantage of tax-loss harvesting. If you're looking to maximize gains for the year, here's what you need to know now.
What To Know: If you only invest using tax-deferred investing accounts, then you're already doing all you can do to minimize future tax bills, but those who use taxable investing accounts can pull some levers at the end of the year to improve returns by about 1% annually, according to research data reported by Forbes.
Tax-loss harvesting is an investing strategy that involves ...