4 End-of-the-Year Tax-Savings Tasks to Complete Before Thanksgiving

Waiting until December to make charitable donations or start moving money between various accounts to save money on 2017 taxes can present several obstacles.

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Waiting until December to make charitable donations or start moving money between various accounts to save money on 2017 taxes can present several obstacles. Transactions at investment firms can get delayed in December as people barrage these firms with such requests as year-end stock gifts to charities, and some non-profit organizations can also take weeks to process any major gifts. Employers can also get bombarded with year-end activity like last-minute payroll or tax-withholding change requests.

Instead, set aside time in October and November to take advantage of four tips that can save you hundreds, possibly thousands of dollars on your 2017 taxes. For most people, these transactions will involve other parties, which is the reason to move forward now. Here they are:

Written by Lisa Brown (opens in new tab), a partner and wealth adviser at Brightworth (opens in new tab), an Atlanta wealth management firm with $3 billion in assets under management, serving over 1,200 families in 48 states. She works with high net worth families in investment management, executive compensation, retirement transition and estate planning. Brown is a Certified Financial Planner™ and an Accredited Estate Planner.

This article was written by and presents the views of our contributing adviser, not the Kiplinger editorial staff. You can check adviser records with the SEC or with FINRA.

Lisa Brown, CFP®, CIMA®
Partner and Wealth Advisor, CI Brightworth

Lisa Brown, CFP®, CIMA®, is author of "Girl Talk, Money Talk, The Smart Girl's Guide to Money After College” and “Girl Talk, Money Talk II,  Financially Fit and Fabulous in Your 40s and 50s". She is the Practice Area Leader for corporate professionals and executives at wealth management firm CI Brightworth (opens in new tab) in Atlanta. Advising busy corporate executives on their finances for nearly 20 years has been her passion inside the office. Outside the office she's an avid runner, cyclist and supporter of charitable causes focused on homeless children and their families.