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Now You Can Avoid Taxes Like the Rich and Famous


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Published in Stocks and Investing on Tuesday, December 10th 2024 at 16:21 GMT by Wall Street Journal   Print publication without navigation

  • Technology such as AI widens access to tax-optimization strategies, including the launch of funds that explicitly seek to defer tax payments.

The article from The Wall Street Journal discusses how artificial intelligence (AI) is being utilized to enhance tax optimization strategies for investors. AI tools are now capable of analyzing vast amounts of data to identify tax-saving opportunities that might be overlooked by human analysts. These technologies help in areas like tax-loss harvesting, where AI can quickly compute and execute trades to offset capital gains with losses more efficiently than traditional methods. Moreover, AI systems can adapt to changes in tax laws in real-time, providing personalized advice that aligns with an investor's specific financial situation. The article highlights that while AI offers significant advantages in precision and speed, there are concerns about privacy, data security, and the potential for AI to make errors or misinterpretations. Despite these challenges, the integration of AI into tax planning is seen as a growing trend, promising more sophisticated and tailored tax strategies for investors.

Read the Full Wall Street Journal Article at:
[ https://www.wsj.com/finance/investing/tax-optimization-strategies-ai-6bd8927c ]

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