Submitted by RealAustinNative t3_zz8vq6 in personalfinance
DeluxeXL t1_j2abvgt wrote
Reply to comment by SlyTrout in Downsides to tax loss harvesting? by RealAustinNative
You still save more tax by offsetting ordinary income because the ordinary tax rates are higher than long term gain tax rates. However, if you make more than the NII tax MAGI threshold (not indexed to inflation), there's another 3.8% to consider.
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