osses

Selling stocks, real estate, or other investments? Timing your transactions can reduce capital gains taxes. Consider these strategies:

• Harvesting losses – Offset gains by selling underperforming investments.

• Holding investments longer – Long-term capital gains are taxed at lower rates than short-term gains.

• 1031 exchanges – If you own real estate, a CPA can help defer capital gains taxes by reinvesting in another property.

5. Plan Ahead with Estimated Tax Payments

Many Arizona taxpayers end up paying penalties for underpayment. If you’re self-employed or receive significant income outside of a paycheck, making quarterly estimated tax payments can help:

• Avoid IRS penalties and interest.

• Spread tax payments throughout the year for better cash flow.

• Prevent a large tax bill at year-end.

A CPA can calculate the correct estimated payments so you stay compliant and stress-free.

Conclusion

Maximizing tax savings isn’t just about filing on time—it’s about planning strategically throughout the year. Whether it’s claiming Arizona-specific tax credits, optimizing business deductions, or structuring investments wisely, a CPA in Arizona can make all the difference.