Year-End Tax Planning Strategies for 2025

Year-End Tax Planning Checklist

As we approach year-end, strategic tax planning becomes critical. There are several opportunities to optimize your tax position before December 31st.

Retirement Contribution Maximization

Ensure you have maximized contributions to tax-advantaged retirement accounts including 401(k)s, IRAs, and other qualified plans. These contributions can significantly reduce your taxable income.

Tax-Loss Harvesting

Review your investment portfolio for tax-loss harvesting opportunities. Strategic realization of capital losses can offset gains and reduce your overall tax liability.

Charitable Giving Strategies

Consider charitable donations before year-end, including donor-advised funds and qualified charitable distributions from IRAs for those over 70½.

Consult Your Advisor

Tax planning is highly individual. We recommend consulting with your VaFin360 advisor and tax professional to identify strategies specific to your situation.