Not too late for end-of-year tax prep

With only a month left until 2023, the deadline to make certain last-minute tax preparations and write-offs is quickly approaching.

Dr. John Yeutter, a CPA who is also a certified financial planner, said there are a couple of things people can do before the year is up.

“Since the stock market has lost money this year, now might be a good time to take some year-end losses,” said Yeutter. “People can deduct up to $3,000 of capital losses per year; any excess will carry forward.”