she's ivani from wealth management with francis financial. ivani, good to see you. >> thank you so much. >> first of all, these are things you can do now that are doable to reduce your taxes. minimize your capital gains taxes. how do you do that right away? >> the stock market this year broke records. so you may have some investments with huge gains. i'm here to tell you you may be able to save on taxes on those gains. let's say you have about $5,000 worth of gains. look in your investment portfolio. can you find investments that you can sell that have a $5,000 loss? if it makes sense for your portfolio, sell those investments, write it off and the gain. you avoid seeing taxes and free up money to put into better investments. >> you say free up money, this is sort of counterintuitive another recommendation is buy that big ticket item right now. doesn't seem like the thing you do at the end of the year. what's the advantage of doing that now? >> well the congress recently extended some tax breaks until tomorrow. and those tax breaks give you t