Use this 2025 tax-saving strategy before the end of the year

You don't normally associate the time of Christmas cookies and New Year's bubbly with tax season. But even though April is a long way off, it's a good idea to start planning now on how to reduce your tax bill. If you own stocks or other assets, one simple way to cut down your taxable income is a strategy known as tax-loss harvesting. Essentially, you sell any assets that have lost value since you bought them, locking in the capital loss. The deadline to be able to claim these losses for next year's taxes i ...