Year End Checklist for Your Money, Taxes, Points and Miles
#92: Chris shares his list of the top year end optimizations to consider for your taxes, money, points and miles. That includes tax-loss harvesting, charitable deductions, retirement contributions and FSA/HSAs. It'll also cover taking advantage of all your annual credit card credits and perks.
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Selected Links From The Episode
Taxes/Investing
- Gelt: Tax planning service (skip the waitlist!)
- Gelt Tax Guide: Tax Concepts Worth Knowing During a Recession
- ATH Newsletter: All About Investing Part 2
- Donor-Advised Fund Definition
- Tax-Loss Harvesting
- Wash-Sale Rule
- Series I Savings Bonds
- Opportunity Zone Investing
- Wealthfront: $5,000 managed free
- Grail test: Detect Cancer Early
- Augusta Rule: Tax Rules for Renting out Your Home
Points/Miles/Credits
Note: American Express is a ChrisHutchins.com advertiser
- FlyerTalk: Example Forum Page for Southwest Credits
- The Platinum Card® from American Express
- Saks Credit Ideas: Aesop and Mack Weldon Underwear
- American Express® Gold Card
- Capital One Venture X Rewards Credit Card
- Hilton Honors American Express Aspire Card
Full Show Notes
Introduction to this week’s episode (00:00)
Should you take the standard deduction or should you itemize? (1:25)
Accelerating or deferring income (3:59)
Charitable donations (4:56)
Donating appreciated assets (5:37)
Donor-advised fund (7:28)
Tax-loss harvesting and common index fund pairing (8:39)
Selling crypto at a loss/abandonment loss (10:57)
Opportunity zone investing (14:40)
I-Savings Bonds (15:17)
Stock options/ISOs (16:45)
Retirement accounts (17:37)
Contributing to a 529 account (19:38)
Use up the money in your FSA account (20:37)
Max out your HSA account (21:31)
Energy efficiency upgrades (22:11)
EV tax credit (23:12)
Hired as a business vs a W-2 employee (23:27)
Business owner tax optimizations (24:52)
HSA/FSAs and the Augusta Rule (30:19)
California municipal bonds (32:31)
End-of-the-year housekeeping: points and miles (32:54)
Chasing flight and hotel status (34:05)
Taking advantage of benefits/upgrades/lounge access passes (35:14)
Hotel, credit card, and airline credits (35:39)
Credit card: travel credits (38:42)
Benefits included with the American Express Hilton Aspire card (39:18)
San Francisco event (40:47)
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