The Long Game End-of-Year Tax Moves to Save Thousands
12 snips
Nov 14, 2025 Proactive tax planning is essential for avoiding penalties and maximizing savings. Discover strategies like optimizing 401(k) contributions and utilizing HSAs before year-end. Learn about tax loss harvesting to offset gains and the benefits of Roth conversions during low brackets. Explore the impact of charitable donations amid new AGI rules and how to review your business structure for tax advantages. Lastly, consider annual gifting to reduce estate size and ensure you're ready to capture every savings opportunity before the year closes.
AI Snips
Chapters
Transcript
Episode notes
Tax Planning Is Year-Round
- Tax planning is a year-round, lifetime process that requires proactive review and projection.
- Thomas Kopelman schedules early-year wrap-ups, mid-year planning, and end-of-year finalization to control taxes.
Lock Down Retirement Contributions
- Review projected income now to decide quarterlies and avoid penalties.
- Maximize employee 401(k) contributions by year-end and use employer contributions by the tax filing deadline.
Max Your HSA Before Deadlines
- Check HSA limits and fund through payroll when possible to avoid managing multiple accounts.
- You can contribute to an HSA until the tax filing deadline if not using payroll contributions.