Year-End Tax Planning: Key Moves Before December 31

Proactive strategies to reduce your tax burden — from harvesting losses and maximizing retirement contributions to charitable giving and entity elections.

Year-end tax planning is one of the highest-impact activities you can engage in with your advisor. Before December 31, consider: (1) Harvesting capital losses to offset gains. (2) Maximizing 401(k) or SEP-IRA contributions. (3) Making charitable contributions via Donor-Advised Funds. (4) Reviewing estimated tax payments to avoid underpayment penalties. (5) Accelerating deductions or deferring income where appropriate. (6) Gifting up to the annual exclusion amount ($18,000 per recipient in 2026). Contact your White Crest advisor before year-end to build a personalized action plan.