It’s smart to review your tax strategy and planning to keep more money in your pocket. Use the checklist below as a starting point to see what might apply in your situation.

• Maximize contributions to your employer retirement accounts (401k, 403b, etc) ✅
• Maximize contributions to your Individual Retirement Accounts (IRA) ✅
• Top off your Health Savings Account (HSA) ✅
• Take your Required Minimum Distributions (RMD) ✅
• Consider making a Qualified Charitable Contribution (QCD) ✅
• Use a Donor Advised Fund to implement a bunching strategy. ✅
• Consider a Roth Conversion (or multi-year Roth Conversion strategy) ✅
• Tax Loss Harvesting: sell investments at a loss to offset gains. ✅
• Tax Gain Harvesting: sell gains if you are in a low tax bracket. ✅
• Make sure to use your Flexible Spending Account (FSA) money. ✅
• Can you defer income to 2022 to save on taxes?  [might not be a good idea based on potential increasing tax brackets]✅
• You can give away 100% of your income as a Cash donation in 2021! ✅

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