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Deducting Losses for Tax Year 2022

Deducting Losses for Tax Year 2022

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February 2023

Taxpayers in high tax brackets especially look to deduct any losses they experienced during a tax year. Recent economic conditions make this particularly relevant for 2022. The stock market took several significant hits, and the general environment for businesses has been challenging for several years. This applies to both business and capital losses. Read on to learn more about limits on deducting losses in 2022.

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