What Year-End Tax Strategies Should You Consider for 2024?

After you listen:

• Check out the 2024 tax rates and brackets (https://www.schwab.com/resource/tax-r...) .
• Learn more about donor-advised funds (https://www.schwab.com/donor-advised-...) .
• Explore more tax-planning content (https://www.schwab.com/learn/taxes) .

Mark Riepe breaks down important 2024 tax updates, covering changes to income tax brackets, standard deductions, and retirement contribution limits. He shares actionable year-end tax strategies to help you maximize savings, including tips on retirement account contributions, HSAs, and charitable donations. Plus, Mark provides key questions to ask yourself as you plan for the year ahead, ensuring you're making the most of every opportunity to reduce your tax liability and boost your financial efficiency. 


Follow Financial Decoder for free on Apple Podcasts or wherever you listen.


Financial Decoder is an original podcast from Charles Schwab. For more on the series, visit schwab.com/FinancialDecoder (https://www.schwab.com/financialdecoder) . 


If you enjoy the show, please leave us a rating or review on Apple Podcasts (http://getpodcast.reviews/id/1440529681) .


Reach out to Mark on X @MarkRiepe (  / markriepe  ) with your thoughts on the show.


Follow Financial Decoder  on Spotify (https://open.spotify.com/show/5eKsYzS...) to comment on episodes.


Important Disclosures


The information provided here is for general informational purposes only and should not be considered an individualized recommendation or personalized investment advice. The investment strategies mentioned here may not be suitable for everyone. Each investor needs to review an investment strategy for his or her own particular situation before making any investment decision.


All expressions of opinion are subject to change without notice in reaction to shifting market conditions. Data contained herein from third-party providers is obtained from what are considered reliable sources. However, its accuracy, completeness, or reliability cannot be guaranteed. 


Examples provided are for illustrative purposes only and not intended to be reflective of results you can expect to achieve. 


The information and content provided herein is general in nature and is for informational purposes only. It is not intended, and should not be construed, as a specific recommendation, individualized tax, legal, or investment advice. Tax laws are subject to change, either prospectively or retroactively. Where specific advice is necessary or appropriate, individuals should contact their own professional tax and investment advisors or other professionals (CPA, Financial Planner, Investment Manager) to help answer questions about specific situations or needs prior to taking any action based upon this information.


All names and market data shown above are for illustrative purposes only and are not a recommendation, offer to sell, or a solicitation of an offer to buy any security. Supporting documentation for any claims or statistical information is available upon request.


This general information is not intended to be a substitute for specific individualized tax, legal, or investment planning advice and is not intended to be construed as tax advice. This information cannot be used for the purpose of avoiding penalties that may be imposed under the Internal Revenue Code or applicable state or local tax law provisions. Where specific advice is necessary or appropriate, Schwab recommends consulting with a qualified tax professional, CPA, financial planner, or investment manager. 


The Schwab Center for Financial Research is a division of Charles Schwab & Co., Inc.


(1224-A62X)