As we head into year-end, it’s important to understand your income picture and its tax-bracket implications.
- If you choose not to itemize your deductions, you won't be able to claim a deduction for things like charitable contributions.
- Two ways to help make your charitable contributions more tax-smart are either to use a donor-advised fund or to donate your appreciated securities.
- There are situations in which you can help minimize your tax liability by generating capital losses.
- Fidelity's professionals can help you create tax-aware financial plans and discuss tax-smart investment approaches.