Have you downloaded our Year End Tax Planning Guide for Individuals yet? Inside you’ll find helpful information about key tax changes, deductions, and strategies to minimize your tax liability before year-end. Here’s a sneak peek.

What’s inside our Year End Tax Planning Guide for Individuals?

2025 in Review- 

• Inflation and Interest Rates: Inflation slowed to its lowest level since 2021, and the Federal Reserve cut interest rates, providing some relief for households.
• Economic Uncertainty: Challenges remain, including rising unemployment, housing affordability concerns, market volatility, and geopolitical risks.
• Tax Law Updates: One Big Beautiful Bill Act (OBBBA) made significant tax changes, extending many TCJA-era rules and adding new deductions.
• SECURE 2.0: Several new options for retirement accounts introduced, including emergency withdrawals and employer contributions for student loan payments.

Information on some new deductions. This includes:

• Overtime deduction. You can deduct up to $12,500 of qualified overtime income each year ($25,000 for married couples filing jointly).
• Vehicle interest deduction. You can deduct up to $10,000 of interest on loans to purchase qualifying personal-use vehicles. 

Answers to some important questions like:

• What should you accelerate (or defer) this year?
• Should you itemize or take the standard deduction?
• Are you eligible for mortgage interest and property tax deductions?
• Are you making the most of your charitable contributions?
• What is the final date for investors to place capital into a Qualified Opportunity Zone Fund?
• Have you maximized your retirement plan contributions and minimized your taxes? 

Download our Year End Tax Planning Guide for Individuals for all the details and an overview of major tax planning strategies that will help you save before year-end.