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1. If you buy mutual funds, be careful because most of the mutual funds try to give you profit at the end of the year.
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2. Property tax payments are not due till the end of January, but if you pay them by the end of 2022, you can deduct them this year.
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3. If you have investments in taxable accounts that are worth less than you paid, make up your mind to sell them by the end of the year to realize the loss.
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4. If you own a business and use the cash method of accounting, waiting until the end of the year to invoice customers doesn't generate income - and you have to pay taxes.
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The IRS has not yet announced when it will begin accepting tax returns in 2023. The tax deadline would be April 18, 2023.
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