something for christmas and get a tax deduction, too. just remember it doesn t have to be cash it can a be a car or old clothes or something lying around the house. get a fair market value for it and get a big tax deduction. griff: number four should come as common sense. losing investments. yeah. one of the upsides, if there are any about the stock market declining is some people are having some losing stocks this year if you have gains elsewhere, you decide to sell those, you can offset those gains with some of the losses that you incurred on some other stock. none of us like to seat stock market go down, it may be an opportunity to save some taxes. pete: does that mean can i write off bit coin losses? i m not letting them go yet. get out of bit coins. not a safe investment. pete: gene, i m in for the long haul. point number 5. prepay for defer income? what s that mean? yeah, this is an old school piece of advice. listen, the smart people around they try to push income into the