Post by Jolly on Dec 1, 2023 2:10:22 GMT
Time to make some moves in regard to taxes...
1. Roth conversions. We have some tax cuts due to expire in a few years. If taxes are a concern for you, as you hit the mandatory years for 401k distributions, might want to talk to your accountant.
2. Medical expenses. Only deductible above a certain level, but don't forget a lot of those expenses you don't think about,such as transportation costs. And now is a good time to look back and do some thinking on things like HSA's and Flex accounts.
Can y'all think of other year end numbers that need to be examined?
1. Roth conversions. We have some tax cuts due to expire in a few years. If taxes are a concern for you, as you hit the mandatory years for 401k distributions, might want to talk to your accountant.
2. Medical expenses. Only deductible above a certain level, but don't forget a lot of those expenses you don't think about,such as transportation costs. And now is a good time to look back and do some thinking on things like HSA's and Flex accounts.
Can y'all think of other year end numbers that need to be examined?