The Midyear Tax Checkup: 5 Planning Moves to Consider Before Year-End

While tax season may be behind us, June is an ideal time to revisit your tax strategy. A midyear checkup can help identify opportunities and address potential concerns while there is still time to make adjustments before year-end.

Consider reviewing your withholding estimates to ensure you're on track and evaluating any potential capital gains exposure from investment activity. It's also a good opportunity to maximize retirement plan contributions, explore charitable giving strategies that align with your goals, and determine whether a Roth conversion may fit into your overall plan.

Many tax-saving opportunities have deadlines tied to the calendar year. Taking action now can provide more flexibility, help avoid last-minute decisions, and reduce the likelihood of surprises at tax time.

Tax planning is often most effective when it happens throughout the year, not just during filing season.