Below are several tax-planning strategies I am implementing to reduce my tax liability for 2025. For context, this perspective is written from the standpoint of a business owner with both 1099 and W-2 income. Tax-Loss Harvesting (W-2/1099 Income): Tax-loss harvesting involves selling investments in a taxable brokerage account at a loss to offset taxable income. For 2025, you may deduct up to $3,000 in capital losses against ordinary income. Any losses exceeding this limit can