If you have gains from stock sales, harvesting losses on other stocks you own can cut your tax bill next year.  See the pros and cons in this article in The Wall Street Journal by Jane Hodges:

http://www.wsj.com/articles/the-virtues-of-tax-loss-harvesting-1425870185?utm_campaign=Daily+Clips&utm_source=hs_email&utm_medium=email&utm_content=16431658&_hsenc=p2ANqtz–s6mVHh7F1eJN_zf3m5D1a7VqpixeuLf2QPn8okXYZm7kn29RNQCnrfGr99zgTuT2m8-yN3X-9gULShkzFTRQKtj66eA&_hsmi=16431658

There can be times when it is not a great idea, like if you are following a long term investment strategy and this could throw a monkey wrench into it, but there are times, especially when changes are being considered in your investments that this can save some tax dollars.  Make sure if you have a financial advisor that you discuss this with him or her first before going ahead with anything.

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