Year End Checklist for Your Money, Taxes, Points and Miles
Dec 14, 2022•43 min•Ep 92•Transcript available on Metacast Episode description
#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
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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
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