Here's your money briefing for Thursday, April 17th.

I'm Julia Carpenter for the Wall Street Journal.

Market ups and downs can ripple through so many parts of your financial life,

from your homeownership dreams to your college savings plans and beyond.

But they can also affect your taxes. Sometimes, as WSJ readers share, in surprisingly beneficial ways.

The ones who've shifted some of their holdings into more conservative investments seem

happier. They say they're not looking at market swings, but enjoying retirement.

We'll talk with Wall Street Journal reporter Ashlea Ebling about the tax considerations

to keep top of mind throughout this period.

That's after the break.

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As we like to say here at the Wall Street Journal, tax day is April 15th, but tax season is all year long.

So even after the big day, reporters like Ashlaea Ebeling are still tracking what recent market ups and downs mean for your taxes. Ashlea, we're talking about how this

volatility could affect big financial decisions. I know a lot of people probably panicked last

week and sold some stock at a loss. In your story, which is linked in our show notes, you mentioned

there might be a tax-related silver lining there. So that's true. If you dumped or want to dump

poorly performing investments in taxable accounts, you can harvest those losses. And that basically

means you use them to offset capital gains or income.

You might be able to use up to $3,000 of losses per year to offset ordinary income on your tax return.

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