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

illustration by Michael Bocchieri/Getty Images

  • Tax-loss harvesting lets investors offset gains or income by selling down assets in 2025.
  • The deadline to claim capital losses for next year's taxes is December 31.
  • Crypto, Coreweave, and Oracle shares are examples of assets suffering recent losses.

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.

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