Several money moves have a December 31 deadline. This year-end financial checklist covers savings accounts, tax planning, benefits and next year’s goals, so nothing expires unused. For your specific situation, check with a tax professional.
Generally 401(k) payroll contributions, many FSA balances (check your plan’s grace period), required minimum distributions and charitable donations for this tax year. IRA and HSA contributions can usually be made until the tax filing deadline.
How does this connect to tax season?
Year-end is when you start gathering what you’ll need to file. In January, the tax prep checklist picks up where this one leaves off.