#88: Year End Tax Planning
As the year winds down, it's time to get proactive about your finances and tax planning! Join us as we explore strategies to maximize your savings, minimize your tax burden, and tackle your taxes before the last minute of the year comes. Micah and Floyd will guide you through reviewing your withholdings and making paycheck adjustments to optimize your tax savings and explain the importance of identifying taxable income and tracking gross earnings. Learn how to make the most of your Thrift Savings Plan (TSP) contributions to secure your retirement future and delve into essential year-end tax planning considerations to ensure you're compliant and financially prepared, whether that are strategies to manage your tax bracket both now and in the future, or unique tax implications for individuals turning 70 and starting Social Security benefits.