What are the common year-end tax moves?

They include deferring income, accelerating deductions, offsetting gains with losses, reviewing charitable contributions, and maximizing retirement account contributions.

Should I sell investments for tax losses or gains?

Harvesting losses can lower your 2024 tax bill, while realizing gains now may make sense if you expect higher future tax rates.

What about charitable giving at year-end?

Gifting appreciated assets or using donor-advised funds before December 31 can yield maximum deductions and reduce taxable income.

How do I confirm my planning is complete?

Review recent income, estimated tax payments, charitable deductions, and planned asset sales with your advisor to ensure no deadlines are missed.

Smart Year-End Tax Planning

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Smart Year-End
Tax Planning

Steve Reder, Managing Director, Wealth Management and Andrew Busa, Director of Financial Planning

From making the most of tax-advantaged savings accounts to donating to charity, there are many opportunities to plan before year-end and potentially preserve more of your wealth. Steve Reder and Andrew Busa share strategic moves to consider before the end of the year.