Interactive Brokers, a global electronic broker, has addednew features to its professional tax planning toolkit. The firm launched TaxPlanner, available through PortfolioAnalyst, its portfolio management platform.According to the firm, the tool works with existing tax-lotmatching and tax loss harvesting features, aiming to give investors morecontrol over the tax impact of their investments.PortfolioAnalyst Adds Tax and Budget FeaturesTax Planner allows users to create personal tax profilesusing inputs such as income from other sources, deductions, withholdings, andtax rates. The tool combines this information with account activity to estimatetax bills and support year-round tax planning. JoinIG, CMC, and Robinhood in London’s leading trading industry event!PortfolioAnalyst consolidates accounts from multipleinstitutions, tracks performance, and offers tools to analyze portfolios andplan for the future. Other features include Allocation Goals, a RetirementPlanner, and a Budgeting Tool.Investors Can Manage LossesInteractive Brokers also continues to offer tax optimizationfeatures. These include tools for identifying losses across portfolios andmatching trades with specific lots, supporting tax loss harvesting andmanagement of capital gains and losses.Key features of the new toolkit include planning investmentincome alongside other taxable income, estimating total year-end taxes,identifying tax loss opportunities, previewing gains or losses before trades,and optimizing tax-lot matching.Interactive Brokers Reports September TradingIn September, InteractiveBrokers reported accelerated activity across trading and financial metrics.Daily revenue trades averaged 3.86 million, up 47% year-on-year, while clientequity reached $757.5 billion, marking a 40% annual increase. Margin loans rose to $77.3 billion, reflecting higherleveraged positions. Total client accounts climbed to 4.13 million, with netgrowth of 73,100 after adjustments for broker withdrawals. Average trades perclient remained steady at 203. Commissions averaged $2.71 per cleared order,and trading costs were roughly 1.8 basis points per U.S. Reg-NMS stock trade. A$195,000 mark-to-market loss on U.S. government securities was reported.This article was written by Tareq Sikder at www.financemagnates.com.