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Get Big Tax Breaks for 2022 by Acting Now
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It’s time to make year-end tax moves. With inflation way up and markets way down for 2022, there’s plenty to track.
As in the past, most actions for tax-year 2022 must be made before Jan. 1, 2023. The main exceptions: Contributions to traditional IRAs, Roth IRAs and Health Savings Accounts for 2022 can often be made until April 18, 2023, next year’s tax deadline. Some self-employed taxpayers can make 2022 contributions to Solo 401(k)s until Oct. 16, 2023.
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