10 Year-End Tax Tips for 2021
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10 Year-End Tax Tips for 2021
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CFG Retirement Website: https://cfgretirement.com/
CFG Retirement Phone Number: 952-657-7470
With Thanksgiving almost here, it's hard to believe we are nearing the end of calendar year 2021. Today Vince Oldre of CFG Retirement Group highlights 10 things you should do before December 31st, to optimize your 2021 taxes. They are:
- Make 401(k), and HSA contributions.
- Schedule your RMD for 2021.
- Convert money from a traditional IRA to a Roth IRA.
- Contribute to a 529 Plan.
- Hold off on mutual fund purchases.
- Harvest your capital losses.
- Pick up capital gains if you're in a low tax bracket.
- Harvest losses on cryptocurrency.
- Donate cash to a charity.
- Meet with your tax advisor.
More info: https://money.usnews.com/money/personal-finance/taxes/articles/10-year-end-tax-tips
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