Interactive Brokers, a global electronic broker, has added new features to its professional tax planning toolkit. The firm launched Tax Planner, available through PortfolioAnalyst, its portfolio management platform.

According to the firm, the tool works with existing tax-lot matching and tax loss harvesting features, aiming to give investors more control over the tax impact of their investments.

PortfolioAnalyst Adds Tax and Budget Features

Tax Planner allows users to create personal tax profiles using inputs such as income from other sources, deductions, withholdings, and tax rates. The tool combines this information with account activity to estimate tax bills and support year-round tax planning.

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PortfolioAnalyst consolidates accounts from multiple institutions, tracks performance, and offers tools to analyze portfolios and plan for the future. Other features include Allocation Goals, a Retirement Planner, and a Budgeting Tool.

Investors Can Manage Losses

Interactive Brokers also continues to offer tax optimization features. These include tools for identifying losses across portfolios and matching trades with specific lots, supporting tax loss harvesting and management of capital gains and losses.

Key features of the new toolkit include planning investment income 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 Trading

In September, Interactive Brokers reported accelerated activity across trading and financial metrics. Daily revenue trades averaged 3.86 million, up 47% year-on-year, while client equity reached $757.5 billion, marking a 40% annual increase.

Margin loans rose to $77.3 billion, reflecting higher leveraged positions. Total client accounts climbed to 4.13 million, with net growth of 73,100 after adjustments for broker withdrawals. Average trades per client 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.