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.
Full show notes at: https://allthehacks.com/year-end-money-taxes-points-2022
 
Partner Deals 
Daffy: Free $25 to give to the charity of your choice
For all the deals, discounts and promo codes from our partners, go to: allthehacks.com/deals

Resources Mentioned
Taxes/Investing

Gelt: Tax planning service (skip the waitlist!)

Gelt Tax Guide: Tax Concepts Worth Knowing During a Recession

All the Hacks Newsletter: All About Investing Part 2

Donor-Advised Fund Definition

Daffy: $25 to towards a charity of your choice

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

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

For other cards mentioned visit our Best Credit Cards Page

 
Full Show Notes
(01:25) Should You Take the Standard Deduction or Should You Itemize?
(03:59) Accelerating or Deferring Income
(04:56) Charitable Donations
(05:37) Donating Appreciated Assets
(07:28) Donor-Advised Fund
(08:39) Tax-Loss Harvesting and Common Index Fund Pairing
(10:57) Selling Crypto at a Loss/Abandonment Loss
(14:40) Opportunity Zone Investing
(15:17) I-Savings Bonds
(16:45) Stock Options/ISOs
(17:37) Retirement Accounts
(19:38) Contributing to a 529 Account
(20:37) Use Up the Money in Your FSA Account
(21:31) Max Out Your HSA Account
(22:11) Energy Efficiency Upgrades
(23:12) EV Tax Credit
(23:27) Hired as a Business vs a W-2 Employee
(24:52) Business Owner Tax Optimizations
(30:19) HSA/FSAs and the Augusta Rule
(32:31) California Municipal Bonds
(32:54) End-of-the-Year Housekeeping: Points and Miles
(34:05) Chasing Flight and Hotel Status
(35:14) Taking Advantage of Benefits/Upgrades/Lounge Access Passes
(35:39) Hotel, Credit Card, and Airline Credits
(38:42) Credit Card: Travel Credits
(39:18) Benefits Included with the American Express Hilton Aspire Card
(40:47) San Francisco Event
 
Connect with All the Hacks
All the Hacks: Newsletter | Website | Membership | Email
Chris Hutchins: Twitter | Instagram | Website | 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.
Learn more about your ad choices. Visit megaphone.fm/adchoices