Top Strategies to Manage Retirement Accounts for Upcoming Tax Season

Wednesday, 20 March 2024, 16:13

As the tax filing deadline for 2024 approaches, Americans need to start planning tax-efficient strategies for managing their retirement accounts. Yahoo Finance Columnist Kerry Hannon provides expert advice on maximizing retirement savings to minimize tax bills in 2025. Key tactics include contributions to charity and non-profits. Start preparing now to navigate tax implications effectively next year.
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Top Strategies to Manage Retirement Accounts for Upcoming Tax Season

Managing Retirement Accounts for Tax Efficiency

With tax season around the corner, a focus on managing retirement accounts is crucial for minimizing tax burdens. Americans should consider strategic moves to optimize savings and reduce tax liabilities.

Expert Advice on Tax-Smart Strategies

  • Maximizing Contributions: Increasing contributions to retirement accounts can lower taxable income.
  • Strategic Donations: Donations to charity can provide tax benefits while supporting noble causes.
  • Long-Term Planning: Looking ahead to 2025, early planning can help in reducing tax bills.

Preparing now and implementing these strategies can lead to a smoother tax season for US taxpayers in the coming year.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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