Our weekly roundup of tax-related investment strategies and news your clients may be thinking about.
Clients, like most tax payers, start thinking of tax loss harvesting in December as they make last-minute trades to balance out capital gains with losses for better income-tax outcomes, according to Kiplinger. However, this strategy should come through for clients as needed. In one example, this approach shows how it can deliver in rough-riding markets. — Kiplinger
Your client doesn't have to lose when it comes to their student loans, according to the Huffington Post. Those who fast-track their loan payments can use a strategy that essentially recoups their interest payment, thanks to low rates and a $2,500 tax deduction. However, clients may want to first save and make investments before paying off college debt. — The Huffington Post
Parents who make 529 plan withdrawals for the first time should be mindful to keep all their tuition-related receipts and other qualified expenses for tax reporting purposes, according to the Motley Fool. Proper documentation ensures they avoid the tax liability that comes for taking the money. — Motley Fool
