Don’t Wait Until Tax Season to Start Tax Planning
Year-end tax planning starts now — some tax-planning opportunities disappear once December 31 passes.
Year-End Tax Planning Starts Now
There are still several weeks left in 2026 — and some tax-planning opportunities disappear once December 31 passes.
Depending on your situation, year-end planning may include:
- Reviewing income and deductions
- Making charitable contributions
- Evaluating medical or other itemized expenses
- Reviewing retirement contributions
- Considering whether income or deductions should fall in 2026 or 2027
One important goal is not simply reducing this year’s tax bill, but looking at the combined tax impact of both 2026 and 2027.
Taxology Tip: Tax preparation looks backward. Good tax planning looks forward.
If your income, investments, business, real estate, or family situation changed this year, now may be a good time for a year-end tax review.
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