Tax-Loss Harvesting (2025)

Harvest losses to offset capital gains and up to $3,000 ($1,500 married filing separately) of ordinary income per year; excess losses carry forward. Beware the IRS wash-sale rule when rebuying substantially identical securities.

Practical tips

• Document trade dates and lots for accurate reporting.
• Coordinate harvesting with expected income to maximize tax benefit.
• Use replacement securities to maintain market exposure while avoiding wash-sale triggers.

Wash-sale rules and capital gains tax rates can change — confirm 2025 rules and consult your advisor for large portfolios.