Year-End Tax Planning Tips for Individuals

123 websites • October 9, 2025

Reading time: ~4 minutes


The end of the year is the perfect time to get ahead of your taxes — and possibly save hundreds (or thousands) before December 31 rolls around. Here are five smart moves you can make now:


1. Max Out Retirement Contributions

Contributing to an IRA or 401(k) can lower your taxable income — and boost your future.


2. Harvest Tax Losses

If you have underperforming investments, consider selling them to offset capital gains.


3. Review Withholding & Estimated Taxes

Avoid surprises by checking if you’ve paid enough in federal and state taxes throughout the year.


4. Make Charitable Donations

Donations to qualified charities are deductible — just be sure to get a receipt.


5. Use Your FSA Funds

If you have a Flexible Spending Account, don’t let those pre-tax dollars go to waste. Spend them on eligible healthcare expenses before year-end.



📌 Pro Tip: Keep all receipts and use a tax checklist to prepare for filing early in the new year.

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