Tax drag refers to the negative impact that taxes can have on the overall return of an investment or a portfolio. It's calculated as the difference between the return on an investment before taxes and the return after taxes. Tax drag is a crucial concept for financial advisors to understand and manage, as it can […] The post What Is Tax Drag and How You Avoid It for Your Clients appeared first on SmartReads by SmartAsset.
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With the tax filing season behind us, now is the time to reflect on 2022 and plan for 2023. Let’s look at some goals to set to make next year’s tax filing season a success.