Slash Your Taxes Before Year End: The Benefits of Tax-Loss Harvesting

Tax-loss harvesting is a strategy involving selling assets like stocks that have depreciated in value. Shutterstock

In the midst of holiday celebrations and anticipation of the new year, taxes may be the last thing on your mind.

But now may be a good time to see where you can save before you file your taxes in 2025. One way to start is by reviewing your investment portfolio’s performance and taking advantage of tax-loss harvesting opportunities.

What Is Tax-Loss Harvesting?

Tax-loss harvesting is a strategy involving selling assets such as stocks that have depreciated in value in order to offset the capital gains from selling assets that have grown in value.