A Few Year-End Tax Moves to Make by New Year’s Eve

Before you ring in the new year, consider year-end tax strategies that can lower your tax bill.

blocks showing the date December 31
(Image credit: Getty Images)

Year-end is not only the season for holiday festivities. It’s also a good time to consider strategic moves to help optimize your tax situation. Taking advantage of various tax-saving opportunities before Dec. 31 can lower your tax liability and help you keep more of your hard-earned money. 

So, here are some key tax strategies to consider before you ring in the new year.

Subscribe to Kiplinger’s Personal Finance

Be a smarter, better informed investor.

Save up to 74%

Sign up for Kiplinger’s Free E-Newsletters

Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.

Profit and prosper with the best of expert advice - straight to your e-mail.

Sign up

To continue reading this article
please register for free

This is different from signing in to your print subscription

Why am I seeing this? Find out more here

Kelley R. Taylor
Senior Tax Editor, Kiplinger.com

As the senior tax editor at Kiplinger.com, Kelley R. Taylor simplifies federal and state tax information, news, and developments to help empower readers. Kelley has over two decades of experience advising on and covering education, law, finance, and tax as a corporate attorney and business journalist.