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CNBC

This strategy can help investors save on taxes — if it’s done right

By Darla Mercado

• What’s your client’s tax rate? Got short-term capital gains? Those are taxed at the same rate as ordinary income, which can be as high as 37%. Short-term capital losses can help offset them.

“In general, the higher the bracket, the more beneficial it is,” said Eric Bronnenkant, head of tax at Betterment.

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This article originally published May 6th, 2019 on CNBC

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