How Tax-Loss Harvesting Offsets Gains (+ INCOME!)

HOW TAX-LOSS HARVESTING OFFSETS GAINS (+ INCOME!)

Want to learn more about how automated tax-loss harvesting works and can save you money on your taxes? Tony talks about how you can use harvested losses to offset capital gains and up to 3k of ordinary income. This tool can save you tons of money on your tax bill every year!

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✍️ HELPFUL LINKS ✍️
✦Learn more about Wealthfront 👉 https://bit.ly/3w3gYlP
✦Check out our Financial Health Guide 👉 https://blog.wealthfront.com/financia...
✦Check out our blog on TLH 👉 https://blog.wealthfront.com/tax-loss...
✦Learn how TLH savings can offset costs 👉 https://blog.wealthfront.com/how-weal...
✦IRS rules on Tax-Loss Harvesting 👉 https://www.irs.gov/taxtopics/tc409

🕒 TIMESTAMPS 🕒
00:00 -- Intro
00:35 -- How it works
01:29 -- How it saves you money
01:58 -- How it offsets capital gains
02:41 -- How it offsets income
03:21 -- Example
04:13 -- How Wealthfront clients benefit

📝 DISCLOSURE 📝
The information contained in this communication is provided for general informational purposes only, and should not be construed as investment or tax advice. All investing involves risk, including the possible loss of money you invest, and past performance does not guarantee future performance. Wealthfront Advisers and its affiliates do not provide tax advice and investors are encouraged to consult with their personal tax advisors to discuss tax-related matters specific to their situation. Investment advisory services are provided by Wealthfront Advisers LLC, an SEC-registered investment adviser, and brokerage products and services are provided by Wealthfront Brokerage LLC, Member FINRA/SIPC.