Welcome back to PSA Thursday, a weekly-ish segment in which we talk about how to handle money, work, and life in the year that is 2020.
Today, we focus on the importance of end-of-year tax planning before you ring in 2021.
We cover these tips:
Open a retirement account
Adjust your tax withholdings
Check your 529 Plan
Make charitable contributions
Why this could be a good year to make a Roth conversion
Spend down the balance in your FSA
For more information, visit the show notes at https://affordanything.com/psathursday
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PSA Thursday - Year-End Tax Moves to Finish 2020 | Afford Anything podcast - Listen or read transcript on Metacast
