Quick Tax-Saving Wins
401(k) contributions
Reduce taxable income by up to $24,500
Use FSA/HSA
Pre-tax medical & childcare savings
Harvest losses
Offset gains + $3K ordinary income
Charitable giving
Deduct donations if itemizing
Tax Savings Calculator
That's $449/month back in your pocket
Current tax bracket: 22%
401(k) Contribution
Pre-tax retirement savings
Up to $24,500
Traditional IRA
Tax-deductible retirement account
Up to $7,500
HSA Contribution
Triple tax advantage for healthcare
Up to $4,400
Solo 401(k)
Self-employed retirement plan
Up to $72,000
Effective Rate Before
16.7%
Effective Rate After
15.0%
💡 Quick insight: Your savings of $5,390/year could grow to $173,019 over 30 years if invested.
Important Tax Deadlines
Q4 estimated tax payment due
Tax filing deadline / Q1 estimated payment
Q2 estimated tax payment due
Q3 estimated tax payment due
Extended filing deadline
Last day for most tax-saving moves
Tax-Related Strategies
View allHSA Triple Tax Advantage
The only account with tax-free contributions, growth, AND withdrawals for medical expenses.
Tax-Loss Harvesting
Sell investments at a loss to offset gains and reduce taxes by up to $3,000/year.
Donor-Advised Fund (DAF)
Donate appreciated stock, avoid capital gains tax, get immediate deduction, grant to charities over time.
Direct Indexing
Own individual stocks instead of index funds to harvest $20K-50K+ in tax losses annually.
Securities-Based Lending
Borrow against your portfolio instead of selling, avoiding capital gains taxes.
Qualified Opportunity Zone (QOZ)
Defer capital gains taxes and potentially pay zero tax on new gains after 10 years.
1031 Exchange
Sell investment property, defer all capital gains by buying replacement property.
Roth Conversion Ladder
Convert Traditional IRA to Roth during low-income years to minimize lifetime taxes.
Tax Planning Basics
- Understand marginal vs. effective tax rates
- Deductions reduce taxable income; credits reduce taxes owed
- Timing income and deductions can shift tax brackets
- Above-the-line deductions work even with standard deduction
- Capital gains rates are lower than ordinary income rates
Common Mistakes to Avoid
- !Missing your employer 401(k) match
- !Not contributing to HSA if you have an HDHP
- !Ignoring tax-loss harvesting opportunities
- !Waiting until April to think about taxes
- !Not adjusting withholdings after life changes
Educational purposes only. This content provides general tax education and is not personalized tax advice. Tax laws change frequently. Consult a qualified tax professional or CPA for advice specific to your situation.