Blog post
Tax-smart moves to consider
- Contributing or increasing contribution to IRA/401k
- Roth conversions
- Balancing capital gains and losses
- Tax loss harvesting for equities and fixed income, too,
- Bunch charitable deductions to enable using itemized deductions in a tax year.
- Create a donor-advised fund for current-year deductions and charitable contributions over several years.
- Keep an eye on TCJA sunset and other potential changes.
By Larry Derany