Countdown to Savings: Smart Tax Moves for December
Our weekly #CreditChat started in 2012 to help our community learn about credit and important personal finance topics (e.g. saving money, paying down debt, improving credit scores). Each chat is hosted by @Experian on X (formerly Twitter) and all are welcome to participate. DM us any questions.
In this week’s #CreditChat, we’ll cover essential tips to maximize your tax savings before year-end. From deductions to credits, learn actionable strategies to lower your tax bill and start the new year financially strong. Don’t miss out on expert insights to keep more money in your pocket!
Topic: Countdown to Savings: Smart Tax Moves for December
When: Wednesday, December 4, 2024 at 3 p.m. ET.
Where: Join the live hashtag discussion
The panel will include: Handy Metellus: Tax Expert and Founder of The Handy Tax Guy; Navicore Solutions; Leslie H. Tayne, Esq: Founder and Managing Director of Tayne Law Group, P.C. (f/k/a The Law Offices of Leslie H. Tayne, P.C.); Cary Carbonaro, CFP®, MBA, SVP, Director of Women and Wealth and CFP Board Ambassador; Barbara O’Neill, Ph.D., CFP®, AFC®: Owner/CEO Money Talk Financial Planning Seminars and Publications; Rod Griffin: Senior Director, Consumer Education and Advocacy, Experian; Jennifer White: Consumer Education and Advocacy Team, and Christina Roman: Consumer Education and Advocacy Manager at Experian.
Gift Card Giveaway
Enter here for a chance to win a $50 Amazon gift card! We will be announcing a winner at the end of the chat. Entry Period: Raffle open now and closes at the end of this chat at 4 p.m. ET. Complete rules here.
Questions we will discuss:
- Why is it important to make tax-saving moves before the end of December?
- What are some common tax deductions that people can take advantage of in December, and what are some deductions or credits people often overlook?
- What is the standard deduction, and how does it affect which tax-saving strategies make sense?
- How can contributing to retirement accounts in December help reduce your taxes and what are the max contributions?
- What are the benefits of donating to charity before the end of the year when it comes to taxes?
- How can reviewing last year’s tax return help in making better tax moves for this year, and what should you be looking for?
- Why is it important to review your tax withholdings before the end of the year?
- What expenses can you make early payments on to help with year-end tax savings?
- How does tax planning in December differ for self-employed people compared to those with regular jobs?
- Any final tips to help consumers make tax moves that will benefit them before the end of the year?
Check out our complete list of upcoming personal finance Twitter chats here.