Every Tax Saving Move To Make by Dec. 31 (Last Chance or Pay More)

Most people miss out on thousands of dollars in tax savings every year because they miss the December 31st deadline. Get a CPA-level tax plan without the cost of a CPA: https://www.keepmost.com/ In this video, I’m breaking down the essential year-end tax checklist you need to follow to lower your tax bill before the clock strikes midnight as a practicing accountant at KeepMost. What You’ll Learn in This Video: 1. Tax Loss Harvesting: How to offset capital gains and even reduce ordinary income. 2. Crypto Tax Rules: Why the "Wash Sale" rule is different for Bitcoin and Ethereum. 3. Retirement Contributions: The truth about Solo 401(k) and employer plan deadlines. 4. Smart Giving: Why donating appreciated assets is better than donating cash. 5. Business Owners: How to use Expense Acceleration, PTET, and Bonus Depreciation. 6. Deduction Bunching: How to beat the standard deduction math. 7. Use-It-or-Lose-It: FSA balances, 529 plans, and gift tax exclusions. TIMESTAMPS 0:00 Why December 31st is important 1:08 Step 1: Tax Loss Harvesting 2:53 The Crypto Exception 3:26 Step 2: Pre-Tax Retirement Contributions 4:12 Step 3: Asset-Based Charitable Giving 5:39 Step 4: Expense Acceleration 6:30 Step 5: Advanced Methods 7:36 Step 6: Bunching Itemized Deductions 8:26 Step 7: Time-Sensitive Accounts 9:09 The #1 Mistake To Avoid Subscribe: https://bit.ly/2HJlq46 Please be sure to give this video a like and subscribe to our channel so you don't miss out on future videos! /// Disclaimer: The information provided in this video is for informational purposes only and is not meant to take the place of professional legal, accounting, or financial advice. If you have any legal questions about this video or the subjects discussed, or any other legal matter, you should consult with an attorney or tax professional in your jurisdiction (i.e. where you live).