6 Steps to Lower Your Taxes Before December 31st
Project your 2025 taxes now: time Roth conversions, maximize retirement and charitable deductions, harvest losses, and use new BBB deductions. Book a 2025 Tax Checkup today.
Don’t wait until April to find out what you owe. By projecting your income, deductions, and credits now, you’ll see your true tax picture — and where you can still make changes.
Time Roth Conversions Strategically
Tax rates are scheduled to rise after 2025. Converting part of your retirement savings to a Roth IRA now locks in today’s lower rates — a smart move for future tax-free income.
Make Charitable Contributions
Cash isn’t the only way to give. Donating appreciated stock or using a donor-advised fund can maximize deductions while supporting the causes you care about.
Max Out Retirement Contributions
Every extra dollar you put into a 401(k), IRA, or SEP before year-end could lower your taxable income today and build wealth for tomorrow.
Harvest Investment Losses
If you have losing investments, selling them before year-end can offset capital gains — reducing the tax owed on your winners.
Use New “Big Beautiful Bill” Deductions
From higher SALT caps to deductions for overtime, car loans, and more — take advantage of new breaks before they expire or phase out.
Schedule your complimentary 2025 Tax Checkup with Justin Patellaro, CFA, CPA, CFP®
Make sure you’re keeping every dollar the IRS allows.
Final Thoughts from NorthPoint
Every one of these strategies could help you pay less in April, but only if you act before December 31st.
Schedule your complimentary 2025 Tax Checkup before December 31st.
