Tax Refund 2023: Year-End Income Tax Checklist

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Reviewing your tax situation at the end of 2022 is a great opportunity to reduce your tax bill and maximize your refund.

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Further planning and timing before the December 31 deadline will be needed to make the most of the tax situation within the coming late month. Which are being told next.

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1. Sell the loser shares to offset you capital gains.

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2. Double-check your main paycheck for tax withholding.

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3. Maximize the contribution of your retirement account to your life.

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4. Consider postponing bonuses and payments until December 31.

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5. Reconcile all medical expenses within one year.

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6. Check your fixed minimum distributions from retirement accounts.

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7. Plan a proper strategy for your business expenses.

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Tax Refund 2023: Year-End Income Tax Checklist

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