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4 End-of-the-Year Tax-Savings Tasks to Complete Before Thanksgiving

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Waiting until December to make charitable donations or start moving money between various accounts to save money on 2017 taxes can present several obstacles. Transactions at investment firms can get delayed in December as people barrage these firms with such requests as year-end stock gifts to charities, and some non-profit organizations can also take weeks to process any major gifts. Employers can also get bombarded with year-end activity like last-minute payroll or tax-withholding change requests.

Instead, set aside time in October and November to take advantage of four tips that can save you hundreds, possibly thousands of dollars on your 2017 taxes. For most people, these transactions will involve other parties, which is the reason to move forward now. Here they are:


Written by Lisa Brown, a partner and wealth adviser at Brightworth, an Atlanta wealth management firm with $3 billion in assets under management, serving over 1,200 families in 48 states. She works with high net worth families in investment management, executive compensation, retirement transition and estate planning. Brown is a Certified Financial Planner™ and an Accredited Estate Planner.

See also: The Retiree Tax Quiz

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This article was written by and presents the views of our contributing adviser, not the Kiplinger editorial staff. You can check adviser records with the SEC or with FINRA.


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