Top 10 Year-End Tax Planning Strategies …

1 Donor-advised funds and foundations ...2 Use required minimum distributions for charitable contributions ...3 Make Roth IRA conversions ...4 Deduct investment interest expenses ...5 Contribute to self-employed retirement plans ...6 Consider annual gifting and wealth transfers ...7 Consider Series I savings bonds ...8 Avoid year-end mutual fund investments that include capital-gain distributions ...


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Maximizing Your Tax Savings: Strategies For 2024 Year-End Planning

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For 2024, try to maximize contributions to your 401(k) or IRA. For instance, the contribution limit for a 401(k) in 2024 is $23,000 for individuals under age 50 and $30,000 for those 50 and …

taxplanning.com

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6 Smart Year-End Tax Moves - Forbes

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Dec 4, 2024  · Better strategy: Sell the winner now, paying tax at the 15% rate. Take the loss in January, with the full $9,000 going against high-taxed ordinary income over three years.

forbes.com

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Year-End Money Moves To Cut Your Tax Bill - AARP

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Dec 17, 2024  · For 2024, taxpayers 50 and older can contribute as much as $30,500 to workplace accounts. That includes catch-up contributions of up to $7,500 on top of the regular $23,000 …

aarp.org

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How To Save Yourself Money By Lowering Your 2024 Taxes

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If you participated in a high-deductible health plan (HDHP), you can contribute $4,150 for individual or $8,300 for family coverage (an additional $1,000 for those 55 and older) for tax …

troweprice.com


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