3 Year-End Tax Planning Strategies Worth Reviewing

On This Episode:

As the year comes to a close, it’s the perfect time to reassess your financial strategies and ensure you’re on the right track for 2024. Tax planning is a crucial aspect of this process, and in our latest episode, we will share three essential strategies that can help you optimize your tax efficiency and financial health.

It’s great to get a jump on these before we turn the page to 2025, but all of these strategies are worth discussing every year. Join us to understand how QCDs can help you minimize taxes while supporting a cause, learn the intricacies of tax loss harvesting to enhance tax efficiency and explore the benefits of gifting appreciated stock to loved ones.

Here’s what we cover in this episode:

0:00 – Intro

0:55 – Qualified Charitable Distributions

3:32 – Tax traps

6:19 – Tax Loss Harvesting

11:04 – Gifting low basis stock