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Tax-Loss Harvesting No Longer Free | Durham News
Retirees, tax-loss harvesting might not be as powerful as it used to be—thanks to bigger standard deductions and zero percent capital gains tax brackets for many seniors. With standard deductions now exceeding $30K for couples and extra age-based breaks, some retirees with incomes under $140K pay zero tax on gains. Selling losers to offset gains? Could be a waste if you’re already in the zero percent bracket. The old “one-size-fits-all” strategy is gone. Now, your personal tax situation, future gains, and income levels dictate whether harvesting losses still makes sense. Don’t sell just to…
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