Year-End Tax Optimization Tricks

Tax planning should be a year-round activity, but year-end is your last chance to make impactful decisions. From tax-loss harvesting to maximizing your 401(k) or Section 80C limits, there are standard plays everyone should run.

Tax-Loss Harvesting

If you hold underperforming assets in a taxable account, selling them before December 31st can offset capital gains realized elsewhere in your portfolio. This strategic move essentially turns investment lemons into tax lemonade.