A lot of tax planning strategies must be enacted before the end of the year. Given this, we broke down some of the most common well in advance so that you feel informed about what to consider over the next few months.
Questions that we addressed:
• Roth Conversions
• Qualified Charitable Distributions (QCDs)
• Retirement Account Contributions (401(k), IRA, Roth, etc.)
• Bunching Itemized Deductions (Charitable, Medical, etc.)
• Income/Expenses Shifting (Accelerate, Delay, etc.)
• Medical Savings Accounts Contributions (FSA, HSA)
• Student Loan Forgiveness (Recent Legislation)
