These Tax Moves Could Save You Serious Money -- but You'll Need to Make Them Soon

Maurie Backman, The Motley Fool
·3-min read
These Tax Moves Could Save You Serious Money -- but You'll Need to Make Them Soon

If you have an underperforming stock in your portfolio, you may be aware that unloading it at a loss will allow you to offset capital gains and/or ordinary income, thereby reducing your tax burden for the year. Donating cash to charity can give you a substantial tax deduction, and the more generous you are, the more you stand to gain.