Year-End Tax-Saving Strategies
At the end of each calendar (tax) year, taxpayers lose most opportunities to reduce their taxable income and lower their tax bill. Thus, time is of the essence to take action to save money on taxes before each year ends. This class will describe over a dozen actions that people can take before December 31 including early RMD withdrawals during financial "gap years," preparing a draft tax return to estimate potential taxes, comparing current and prior year income and expenses, tax loss harvesting, qualified charitable deductions (QCDs), Roth conversions, bunching deductions, donor advised funds, safe harbor rules for tax withholding, deferring income and capital gains, and contributing to tax-deferred savings plans if still working.
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By registering, I agree to INDEMNIFY AND HOLD HARMLESS Master the Possibilities, Inc., Sidney Colen & Associates, Ltd., On Top of the World Communities, Inc., Horticultural Arts & Park Institute, Inc., Bay Laurel Community Development District, and any of their agents, directors, officers, representatives, volunteers and employees from any and all loss, damage, injury, action or cause of action resulting from the classes, events, or trips and/or equipment owned or operated or permitted to be used or operated or is used or operated. This Release Waiver and Hold Harmless Agreement includes those classes, events, or trips inside or outside of Master the Possibilities, Inc. For the full waiver, visit https://www.masterthepossibilities.org/sites/default/files/PDF/WaiverofLiability.pdf .
If class is cancelled by the participant because of COVID positive results, there will still be a processing fee incurred by the participant.



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