11 Year-End Tax Tips for 2024

16/12/2024 9 min
11 Year-End Tax Tips for 2024

Listen "11 Year-End Tax Tips for 2024"

Episode Synopsis

As we approach the end of the year, it's time to prepare for a financially smart 2025. Here are 11 key tax tips to consider:1. Maximize 401k contributions2. Harvest losses3. Gift $16,000 to lower your taxable estate4. Roth IRA conversion5. Defer income6. Paying for medical or college bills7. Qualified Charitable Distribution8. Charitable donations9. Donate appreciated stock10. Create a Donor Advised Fund (DAF)11. Spend your Flexible Spending Account (FSA)These strategies can help you reduce your tax liability and prepare for a more financially secure year ahead. Reach out if you need more guidance on any of these!Schedule a Consultation:https://www.acapam.com/contact/Financial Advisor in Los Angeles, CACPA in Los Angeles, CA12031 Ventura Blvd., Suite 1Studio City, California 91604(818) [email protected] ACap's Financial Quick Tips