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Tax Planning Checklist


Happy Holiday Greetings,

As year-end approaches, I want to send a quick reminder about important tax planning deadlines. The following checklist can help you simplify and manage these critical deadlines as you take advantage of opportunities to help reduce your 2017 tax burden. 

December 31st marks the deadline for:  

Gifts and Charitable Contributions: 

  • Making tax-year 2017 charitable contributions of cash or securities  
  • Gifting to family members (you can give up to $14,000 per individual free of gift or estate tax)
  • Donating real property, such as a car, boat, household items, or clothing to qualified charities

Investments and Retirement Accounts: 

  • Tax harvesting: selling stocks or listed options to realize a gain or loss
  • Contributing the maximum to employer-sponsored qualified retirement plans such as (401(k) and 403(b) plans ($18,000 if you’re under age 50); you may be eligible to make an additional $6,000 catch-up contribution for a maximum contribution of $24,000 if you’re age 50+
  • Completing a 2017 Roth IRA conversion

Employment and Medical Expenses: 

  • Deferring bonuses or self-employment income into 2018 
  • Rolling over Flexible Spending Account (FSA) balances in employer-sponsored plans 
  • Paying for qualified out-of-pocket healthcare services, procedures, or equipment to itemize medical expenses (qualified expenses for 2017 must exceed 10% of adjusted gross income (AGI) regardless of your age)
  • Avoiding tax penalties by adjusting withholding or estimated tax payments to make up for any shortfall
  • Accelerating income to “zero-out” the alternative minimum tax (ATM); check with your tax adviser first; this can be counterproductive for certain taxpayers

If you have questions or need assistance with year-end financial and tax planning, please contact me at your earliest convenience.

All the best,

Steve Lindquist


Steve Lindquist 
Financial Consultant
9600 S McCarran Blvd
Reno, NV 89523 
(775) 789-3140

Steve Lindquist is a registered representative offering securities and advisory services through Cetera Advisor Networks LLC, member FINRA/SIPC.  Cetera is under separate ownership from any other named entity. Registered address: 9600 S McCarran Blvd., Reno NV 89523.

Investments are not deposits; not NCUSIF insured; and not insured by any federal government agency.  No credit union guarantee.  May lose value.

Investors should consider the investment objectives, risks, charges and expenses associated with municipal fund securities before investing. This information is found in the issuer’s official statement and should be read carefully before investing.

Investors should also consider whether the investor’s or beneficiary’s home state offers any state tax or other benefits available only from that state’s 529 Plan. Any state-based benefit should be one of many appropriately weighted factors in making an investment decision. The investor should consult their financial or tax advisor before investing in any state’s 529 Plan.




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