{"id":78228,"date":"2025-12-24T10:47:21","date_gmt":"2025-12-24T15:47:21","guid":{"rendered":"https:\/\/bgodinspired.com\/index.php\/bgodinspired-news\/bgodinspired-business-news\/heres-what-you-still-have-time-to-do\/"},"modified":"2025-12-24T10:47:21","modified_gmt":"2025-12-24T15:47:21","slug":"heres-what-you-still-have-time-to-do","status":"publish","type":"post","link":"https:\/\/bgodinspired.com\/index.php\/bgodinspired-news\/bgodinspired-business-news\/heres-what-you-still-have-time-to-do\/","title":{"rendered":"Here’s what you still have time to do"},"content":{"rendered":"
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Year-End Tax Moves: Optimize Your Refund Before 2026<\/strong><\/p>\n

As the year draws to a close, investors find themselves in a unique time crunch to effectively optimize their tax strategies. Experts emphasize that proactive year-end tax moves could potentially enhance refunds or lessen owed taxes, but timing is critical.<\/p>\n

With tax season fast approaching, many taxpayers may want to take advantage of specific strategies before it\u2019s too late. The clock is ticking\u2014most tax planning initiatives must be finalized by December 31. Notably, contributions to individual retirement accounts (IRAs) and health savings accounts (HSAs) can be made by the 2026 tax deadline, providing a small window for more extensive financial planning.<\/p>\n

A Taxing Decision: Harvesting Gains and Losses<\/strong><\/p>\n

One prevalent strategy is tax loss harvesting, which involves selling underperforming assets to offset any gains realized during the year. While many investors might find it challenging this year due to rising market trends, others might explore "tax-gain harvesting." This method entails selling profitable assets within a favorable tax bracket, allowing individuals to take advantage of the benefits of capital gains without facing significant tax liabilities.<\/p>\n

Certified financial planner Michael DeMassa emphasizes that "New Year’s Eve is a full trading day for a reason," highlighting the importance of executing these strategies in a timely manner. This mirrors the principle of being diligent and intentional in managing our resources\u2014a value echoed in Proverbs 21:5: \u201cThe plans of the diligent lead to profit as surely as haste leads to poverty.\u201d<\/p>\n

Roth IRA Conversions: A Strategic Shift<\/strong><\/p>\n

Another effective tactic is the Roth IRA conversion, which enables individuals to transfer traditional IRA funds into a Roth IRA. This approach allows for potential tax-free growth in the future. However, it requires careful income projections, as taxes are owed upfront on the converted balances. Advisors often wait until year-end for precise income estimates to make informed decisions.<\/p>\n

As financial expert Judy Brown noted, the process can be streamlined if individuals have a Roth IRA already set up, pairing the practical with the spiritual idea of readiness\u2014akin to the biblical call for preparation and stewardship.<\/p>\n

Encouraging Reflection: The Broader Impact of Financial Wisdom<\/strong><\/p>\n

Navigating these financial waters requires not just technical knowledge but also a heart willing to act with integrity and wisdom. The scripture encourages us to \u201cbe shrewd as serpents and innocent as doves\u201d (Matthew 10:16), reminding us that while we should be prudent in our financial dealings, we must also maintain our core values and ethics.<\/p>\n

As we approach year-end and look toward the New Year, let this be an encouraging moment for reflection\u2014not just on financial strategies, but on how we can manage our resources in a way that honors our commitments and aligns with our principles. The takeaway? As you strategize for taxes, consider not only the numbers on the page but the deeper impact of stewardship in all areas of life.<\/p>\n

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If you want to want to know more about this topic, check out BGodInspired.com<\/a> or check out specific products\/content we’ve created to answer the question at BGodInspired Solutions<\/a><\/p>\n

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Year-End Tax Moves: Optimize Your Refund Before 2026 As the year draws to a close, investors find themselves in a unique time crunch to effectively optimize their tax strategies. Experts emphasize that proactive year-end tax moves could potentially enhance refunds or lessen owed taxes, but timing is critical. With tax season fast approaching, many taxpayers […]<\/p>\n","protected":false},"author":1,"featured_media":78229,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[5222],"tags":[3591],"class_list":["post-78228","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bgodinspired-business-news","tag-bgodinspired-news"],"_links":{"self":[{"href":"https:\/\/bgodinspired.com\/index.php\/wp-json\/wp\/v2\/posts\/78228","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bgodinspired.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bgodinspired.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bgodinspired.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bgodinspired.com\/index.php\/wp-json\/wp\/v2\/comments?post=78228"}],"version-history":[{"count":0,"href":"https:\/\/bgodinspired.com\/index.php\/wp-json\/wp\/v2\/posts\/78228\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bgodinspired.com\/index.php\/wp-json\/wp\/v2\/media\/78229"}],"wp:attachment":[{"href":"https:\/\/bgodinspired.com\/index.php\/wp-json\/wp\/v2\/media?parent=78228"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bgodinspired.com\/index.php\/wp-json\/wp\/v2\/categories?post=78228"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bgodinspired.com\/index.php\/wp-json\/wp\/v2\/tags?post=78228"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}