Chris Hutchins and this site are part of an affiliate sales network and receives compensation for sending traffic to partner sites, such as CardRatings, Bankrate.com and MileValue.com. This compensation may impact how and where links appear on this site. This site does not include all financial companies or all available financial offers. Terms apply to American Express benefits and offers. Enrollment may be required for select American Express benefits and offers. Visit americanexpress.com to learn more.
#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.
Partner Deals (Advertiser Disclosure)
For all the deals, discounts and promo codes from our partners, go to our Partner Deals
Selected Links From The Episode
Taxes/Investing
Points/Miles/Credits
Note: American Express is a ChrisHutchins.com advertiser
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)
Connect with Chris
Newsletter | Membership | Twitter | Instagram | LinkedIn
Editor’s Note: The content on this page is accurate as of the posting date; however, some of our partner offers may have expired. Opinions expressed here are the author's alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post.
If you’re new, I recommend starting here 👇