Taxes matter, sadly, all year long. With this said, there are a handful of tax related items that matter more heavily at the very beginning of the year (read: important to “action” as early as possible in the new year).
Category: Tax Strategy
Bonus Edition – More Good News
In the world of IRA and 401(k) savings, maximum contributions have increased!
Here are the “data points” to get 2026 started on a positive note:
AI & Tech (I Tried) Using in 2025
Brewing a cup of coffee using Siri and Grok was one of my biggest “AI & tech victories” of the year. (Please read below for a handful of more sophisticated versions of AI use.) Dedicated TGIF 2 Minutes readers may recall back in July the story that could happen to anyone — of being a guest at someone’s home and encountering Continue reading “AI & Tech (I Tried) Using in 2025”
Tax Strategy & a Silver Lining to Losses
With the caveat that there are still 13 trading days remaining in the year, 2025 has been surprisingly — if not shockingly — a decent year for US and global equities. Especially in years with investment gains it can make sense to search for investment losses in taxable investment accounts. Taxable accounts are non-IRA and non-retirement accounts where realizing a capital loss can offset realized capital gains in the current year, OR– capital losses can be carried forward indefinitely to offset future capital gains. A small amount, or a maximum of $3,000, of realized capital losses can be used in a tax year to offset ordinary income. Continue reading “Tax Strategy & a Silver Lining to Losses”