: Stock markets have been truly awful this year — but here’s one way that can actually help your tax return

by | Nov 1, 2022 | Stock Market

Here’s some consolation for anyone who’s been mauled in the stock market this year: the pummeling your portfolio has taken can offer some benefits next tax season. It’s a strategy called “tax-loss harvesting,” and as end-of-year tax planning approaches, financial experts say this stodgy-sounding strategy does not only have to be reserved for the rich.

“Anyone that’s a taxpayer and has investment dollars has an opportunity to potentially take advantage of this, especially in a volatile market,” said Jonah Gruda, a tax partner in the family wealth services group at Marcum, a national accounting and advisory firm. The phra …

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