Here's How a Bear Market Can Mean a Lower Tax Bill

Here's How a Bear Market Can Mean a Lower Tax Bill

To say that the stock market hasn't had a great year in 2022 would be an understatement. One potential silver lining in a down stock market is a concept known as tax-loss harvesting. Essentially, if you sell any stocks, ETFs, mutual funds, or many other types of investments at a loss, you may be able to use those losses to lower your 2022 tax bill.