Mezzi

Save on your taxes

203 followers

Save on your taxes

203 followers

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Reduce taxes effortlessly with Mezzi's tax-loss harvesting feature. Tailored steps and AI-driven investment insights help lower capital gains and income taxes. Available for iOS users in the US with investment/brokerage accounts.

Free Options

Launch tags:Fintech•Artificial Intelligence•Money

Launch Team

AWS Startup AdvisorPersonalized AWS guidance that meets you where you’re already building

Promoted

“Great job on Mezzi’s launch! Congratulations @fintechnerd I’m really impressed with its seamless broker integration and the app’s design is visually appealing. When do you plan to release it on Android ?”

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3yr ago

Mezzi

Maker

@vmoola Thanks! We're anxious to release on Android. We're testing it internally along with web. We're first focused on perfecting the experience for a smaller number of users, hence iOS.

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3yr ago

Super slick. Congrats on the launch! Do you work with Wells Fargo?

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3yr ago

Mezzi

Maker

@cecilia_ziniti Absolutely! Wells Fargo and many other US brokers, both taxable and retirement accounts.

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3yr ago

Great job, guys! How much does the app/service cost? Are there different subscription options?

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3yr ago

Mezzi

Maker

@mdny06 Hi Ashwin, there is a Free tier and Premium tier. Premium, which includes a personalized tax-loss harvesting guide and ETF fee savings, is $9.99/month. Our hope is that you walk away with hundreds if not thousands in savings.

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3yr ago

💡 Bright idea

@makeitjain_ Thanks. Do you offer similar tax advice for ETFs and mutual funds based on gains and losses? Just wondering if there’s guidance for people like me, who don’t trade individual stocks but buy and sell various funds throughout the year.

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3yr ago

Mezzi

Maker

@mdny06 Great question! Our personalized steps to tax-loss harvesting look at all of your assets in your connected brokerage accounts, so stocks, mutual funds, and ETFs. In fact, tax-loss harvesting is a very popular strategy with ETFs alone and is practiced by many financial advisors. Our goal is to make it so easy you can do it on your own. One simple example: Let's say you bought a cybersecurity ETF at the beginning of the year and you are down $3,000 on it. You could sell it and repurchase another cybersecurity ETF to maintain exposure, while taking advantage of the $3,000 tax deduction. We try to make this all very clear in our app so you know what goes into your personalized tax calculator. We also let you input your personal federal tax rate. One important note regarding mutual funds. Some pay something called a "capital gains distribution." This factors into properly accounting for your gains and losses. We don't currently support this but plan on incorporating it into our tax-loss harvesting feature in the near future.

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3yr ago

My wife has a lot of individual accounts. How can she connect her investment account?

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3yr ago

Mezzi

Maker

@inspectorsaab She can connect her accounts. We partner with a variety of industry leaders like Plaid, Mesh, Finicity, and Meld to securely and privately sync with your investment accounts.

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3yr ago

Congrats on the launch Mezzi team! I love how the app syncs to all my brokers. The tax savings and the ETF savings insight is also pretty cool.

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3yr ago

I honestly wish I had this a year ago. From what I could see you either pay an advisor a ton of money, you do this by hand over several hours each time in excel, or you have to move your money out of brokerages you already trust and rely on into someone new. Having something that actually lets you get those powerful insights without having to actually do this by hand or change all your accounts around is amazing.

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3yr ago

Excited to try this - does it support Schwab?

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3yr ago

Mezzi

Maker

@jawwad_w Absolutely! We support almost every major broker. We believe we cover 90%+ of the US retail investor market today and expect to get to 98% coverage of the market in the next couple of weeks. Schwab works seamlessly across both taxable and retirement accounts. Our family has personally connected our Schwab accounts, in addition to E*Trade, Vanguard, and Robinhood.

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3yr ago

Amazing! Will definitely give it a try. How is your app similar and different to other fin apps like Mint?@fintechnerd

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3yr ago

Mezzi

Maker

@jawwad_w Mint and some personal finance apps have been mostly focused on budgeting and saving through cutting your spending. There are some great apps in the space and many Mint users are unhappy that Intuit is shutting it down. Different from those apps, Mezzi is purpose built for investing, which we believe is the biggest lever to growing wealth. Investing requires special data sets, which we continue to invest in so that we can give you the best insights into how to invest smarter, whether that means picking better stocks and ETFs or setting the right portfolio allocation.

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3yr ago

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