Review Your Income and Deductions
Before year-end, estimate your income and check whether you’re on track to hit a higher tax bracket. This helps you decide whether to accelerate deductions or defer income.
Maximize Retirement Contributions
Contributing to a 401(k) or IRA before year-end can lower taxable income. If you’re self-employed, retirement plan contributions can also reduce self-employment tax.
Tax Loss Harvesting Opportunities
Selling losing investments to offset gains is one of the most effective tax planning tools. Do this before year-end to lock in the benefit for the current tax year.
Charitable Giving and Gifting
Donating appreciated assets or bunching charitable gifts into a single year can increase your itemized deductions. Plan contributions carefully to get the most tax value.
Use the Right Tool for the Job
Our calculators help you compare different year-end moves so you can choose the strategy that maximizes your after-tax result.