If you're looking for ways to lower your taxes, check your investment portfolio for losses. You may be able to lower your tax bill by selling at a loss and immediately reinvesting.
What is tax loss harvesting?
Tax loss harvesting is a tax strategy where you sell an investment that's down so you can claim a capital loss. If you want to stay invested, you immediately buy a similar investment.
You can do tax loss harvesting with stocks, ETFs, mutual funds, and other types of investments.