2022 Tax Guide
Evan Henderson, CFP?
Financial Planner helping people grow their wealth by making the most of their income
2022 Year End Tax Planning To-Do List
It sure is hard to believe that the end of 2022 is quickly approaching. Before the month of December is here and gone with the holidays, it can be a good time to look at your finances and make sure you have done what you need to before a yearend deadline hits.
Retirement Accounts
? Make any final contributions to your Employer Retirement Plan
? Make sure all RMD’s have been taken out
? Discuss if you would like to complete any Qualified Charitable Distributions
? Consider a portfolio rebalance
Investment Accounts
? The last Trading Day of the year will be December 30, 2022
? Do a Tax Loss Harvesting Review and complete before 12/30/22
? Consider a portfolio rebalance
Tax Planning
? Complete any Roth Conversions
? Complete any annual gifting
? Review your current break in 2022 tax brackets
? Review any paycheck tax withholding
Other
? Exercise any Stock Options you may have
? Use up any balance in your Flexible Spending Accounts (FSA)
Securities offered through Geneos Wealth Management, Inc. Member FINRA/SIPC. Advisory Services offered through N.E.W. Advisory Services, LLC.
Opinions, estimates, forecasts, and statements of financial market trends are based on current market conditions and are subject to change without notice.?Individuals should always consult their own financial professional regarding their specific financial situation.?Past performance is not a guarantee of future results.