Review Your Flexible Spending Accounts
Don’t let those funds expire! Check your medical and dependent care FSAs and use any remaining balance before the deadline. https://loom.ly/r3MILJo
#FSA #HealthAndTaxes #YearEndReminders #GleasonTaxAdvisory #YearEndTaxPlanningGTA
Make Last-Minute Charitable Donations
There’s still time to give! Make your charitable donations before December 31 and keep your receipts for tax purposes. https://loom.ly/r3MILJo
#CharityAndTaxes #GivingSeason #TaxDeductions #GleasonTaxAdvisory #YearEndTaxPlanningGTA
Identify Household Employees
If you employ a nanny, caregiver, or household worker, be sure to review payroll tax requirements before year-end. https://loom.ly/r3MILJo
#HouseholdPayroll #TaxCompliance #GleasonTaxAdvisory #YearEndTaxPlanningGTA
Maximize the Kiddie Tax Threshold
Your child’s unearned income up to $1,350 is taxed at their lower rate. A smart way to manage investments in your child’s name. https://loom.ly/r3MILJo
#FamilyFinance #TaxPlanning #GleasonTaxAdvisory #YearEndTaxPlanningGTA
Review the Gift Tax Exclusion
The annual gift limit is $19,000 per person for 2025. Gifting now can help transfer wealth tax-free to loved ones. https://loom.ly/r3MILJo
#TaxFreeGifts #EstatePlanning #FamilyFinance #GleasonTaxAdvisory #YearEndTaxPlanningGTA
Explore Roth IRA Rollovers
A Roth conversion might make sense this year, especially if your income is lower than usual. Ask us to review your options. https://loom.ly/r3MILJo
#RothIRA #RetirementPlanning #TaxStrategies #GleasonTaxAdvisory #YearEndTaxPlanningGTA
Fully Fund Your Retirement Accounts
Contribute to your 401(k), IRA, or other retirement accounts before year-end. Every dollar helps your future—and may lower your taxable income today. https://loom.ly/r3MILJo
#RetirementSavings #TaxDeferred #GleasonTaxAdvisory #YearEndTaxPlanningGTA
If you’re age 73 or older, don’t forget your Required Minimum Distributions (RMDs)! Missing them can mean penalties. We can help you calculate the right amount. https://loom.ly/r3MILJo
#RetirementPlanning #RMD #TaxHelp #GleasonTaxAdvisory #YearEndTaxPlanningGTA
Donate Appreciated Stock
Instead of cash, consider donating appreciated stock you’ve held for at least a year. You’ll avoid capital gains tax and still receive a charitable deduction. https://loom.ly/r3MILJo
#CharitableGiving #TaxSmart #InvestWithPurpose #GleasonTaxAdvisory #YearEndTaxPlanningGTA
Use Your $3,000 Capital Loss Limit
Did you know you can offset up to $3,000 of ordinary income with investment losses? This simple move can reduce your tax bill. https://loom.ly/r3MILJo
#TaxStrategy #CapitalLoss #TaxSavings #GleasonTaxAdvisory #YearEndTaxPlanningGTA
Review Your Investment Portfolio
Now’s the time to look at your portfolio. Strategic gain and loss planning can make a big difference on your tax return. https://loom.ly/r3MILJo
#InvestmentReview #CapitalGains #FinancialPlanning #GleasonTaxAdvisory #YearEndTaxPlanningGTA
Organize Your Tax Records Early
Start gathering receipts, mileage logs, and donation confirmations before the year ends. Staying ahead makes tax season stress-free. https://loom.ly/r3MILJo
#TaxOrganization #YearEndPrep #YearEndTaxPlanningGTA
Create a List of Expected Tax Forms
W-2s, 1099s, investment statements—make a checklist of everything you expect to receive early next year. Staying organized ensures a smoother filing process. https://loom.ly/r3MILJo
#TaxSeasonReady #OrganizationMatters #GleasonTaxAdvisory #YearEndTaxPlanningGTA
Review Your W-2 Withholdings
Take a moment to check your W-2 withholdings. Are they aligned with your current income and deductions? Adjustments now can prevent surprises at filing time. https://loom.ly/r3MILJo
#WithholdingCheck #TaxSmart #GleasonTaxAdvisory #TaxPlanning #YearEndTaxPlanningGTA
