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Five Tax Moves to Make Before the End of the Year

  • Writer: Lauren Knoll
    Lauren Knoll
  • Sep 23
  • 4 min read

December 31st might feel like it is still a ways away, but here's the thing about taxes: the real magic happens before everyone else starts panicking in the Spring. Smart moves now mean more money in your pocket later and way less stress when tax season rolls around.


Whether you're running your own business, freelancing, or working the traditional W-2 life, these five strategies can make a real difference in your tax bill. Let's explore the options below! 


Graphic for five smart tax moves

1. Max Out Retirement Contributions - Let's Find Your Best Strategy


This is one of the most powerful ways to reduce your tax bill while investing in your future, but the right approach depends entirely on your unique situation:


  • Traditional IRA - Could be perfect if you meet the income requirements and want immediate tax relief

  • 401(k) - Might be your strongest option if your employer offers matching (free money!)

  • SEP IRA - Could be ideal if you're self-employed, but contribution limits and rules vary


Here's where we come in: Every dollar you contribute reduces your taxable income, but the optimal strategy depends on factors like your current tax bracket, expected future income, employer benefits, and timeline until retirement.


Let's work together to:


  • Calculate exactly how much you can contribute based on your situation

  • Determine which retirement accounts make the most sense for your goals

  • Figure out the timing to maximize this year's tax benefits

  • Create a strategy that balances immediate tax relief with long-term growth


The opportunity: Contributions made before the deadline can still qualify for this year's deduction, but we need to act strategically to make sure you're choosing the right vehicles and amounts for maximum benefit.


2. Check Your Estimated Tax Payments


If you're self-employed or have income that doesn't get taxes automatically taken out, fall is the perfect time for a payment reality check.


If your business picks up, income increases, but estimated payments stay the same, then you might be in for a surprise at tax time. We don’t want you to get stuck with an unpleasant surprise bill, especially with penalties and interest.


The smart move? Talk with your CPA about whether your current payments are actually keeping pace with your income. A small adjustment now beats a big shock later.


We've helped plenty of clients avoid that "Oh no, I owe HOW much?" moment with some simple fall planning.


3. Make Those Charitable Donations Count


Planning to spread some holiday cheer? Your generosity can also be part of a smart tax strategy.


Here's how you could maximize your giving:


  • Make sure you're donating to qualified 501(c)(3) organizations

  • Keep good records of everything you give

  • Consider donating appreciated stock instead of cash (this can give you an extra tax benefit)

  • Get those donations in before December 31st if you want them to count for this year


Tip: If you itemize deductions, charitable contributions can add up to significant tax savings. It's an amazing thing when doing good also helps your bottom line.


4. Wrangle Those Business Expenses


Business owners, this one's for you! That shoebox full of receipts? Let's turn it into actual money-saving deductions.


Fall is the perfect time to review your year and make sure you're capturing every legitimate business expense. We're talking about:


  • Home office expenses (if you work from home)

  • Business travel (mileage, hotels, meals)

  • Equipment and software purchases (computers, subscriptions, tools)

  • Professional services (accounting, legal, consulting)

  • Marketing and advertising costs

  • Office supplies and materials

Receipts stacking up in a shoebox












The truth is: Clean, organized records don't just make tax filing easier; they can also significantly lower your taxable income. We've seen business owners save thousands just by properly documenting expenses they were already incurring.


5. Schedule Your Tax Planning Meeting (This Is Where the Magic Happens!)


Here's the move that separates the stressed from the prepared: booking a tax planning session before the year ends.


This isn't just another meeting. It's your strategy session where we:


  • Review your whole financial picture (income, expenses, the works)

  • Identify deductions and credits you might be missing

  • Plan retirement contributions and year-end purchases strategically

  • Catch potential problems before they become expensive mistakes

  • Uncover opportunities that could save you serious money


Think of it as your financial GPS recalibration. We'll make sure you're headed in the right direction instead of hoping for the best.


Don't Wait On These Tax Moves


While other people are pulling their hair out come tax time, you'll be sipping your coffee knowing you've got everything handled. 


Your financial peace of mind doesn't happen by accident; it happens because you make smart moves when it matters most.


Ready to get ahead of the game?


At Denise Stubbs CPA, we believe tax season should never feel like a surprise. We speak human, not tax code, and we're here to create a smart, personalized strategy that fits your goals and saves you money.


Let's work together:


Call us: (828) 570-5760


Because your peace of mind is worth planning for.



This blog post is provided for educational purposes only and does not constitute personalized financial, tax, or investment advice. Tax laws are complex, change frequently, and vary based on individual circumstances. Before implementing any strategies discussed, please consult with qualified financial advisors, tax professionals, or CPAs who can assess your specific situation. This content should not be relied upon as a substitute for professional consultation.

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