2025 Year-End Tax Planning Guide

This guide provides essential information for year-end tax planning for the year 2025. It outlines key tax deadlines, including the last quarterly estimated tax payment due on January 15th and the income tax filing deadline for individuals on April 15th. The document details various tax strategies, such as tax-loss harvesting and the implications of charitable donations, particularly for individuals aged 70½ or older considering Qualified Charitable Donations (QCDs). Additionally, it discusses the importance of maximizing contributions to employer-sponsored retirement plans before year-end and the necessity of completing Roth conversions by December 31st. The guide also highlights significant annual tax limits for various accounts, including 401(k) and IRA contributions, as well as the annual gift tax exclusion for 2025. Overall, the document serves as a comprehensive resource for individuals seeking to optimize their tax situation as they approach the end of the year.