All the Hacks with Chris Hutchins

Year End Checklist for Your Money, Taxes, Points and Miles


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#92: Chris shares his list of the top year end optimizations to consider for your taxes, money, points and miles. That includes tax-loss harvesting, charitable deductions, retirement contributions and FSA/HSAs. It'll also cover taking advantage of all your annual credit card credits and perks.

Full show notes at: https://allthehacks.com/year-end-money-taxes-points-2022

 

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Resources Mentioned

Taxes/Investing

  • Gelt: Tax planning service (skip the waitlist!)
  • Gelt Tax Guide: Tax Concepts Worth Knowing During a Recession
  • All the Hacks Newsletter: All About Investing Part 2
  • Donor-Advised Fund Definition
  • Daffy: $25 to towards a charity of your choice
  • Tax-Loss Harvesting
  • Wash-Sale Rule
  • Series I Savings Bonds
  • Opportunity Zone Investing
  • Wealthfront: $5,000 managed free
  • Grail test: Detect Cancer Early
  • Augusta Rule: Tax Rules for Renting out Your Home
  • Points/Miles/Credits

    • FlyerTalk: Example Forum Page for Southwest Credits
    • The Platinum Card® from American Express
    • Saks Credit Ideas: Aesop and Mack Weldon Underwear
    • American Express® Gold Card
    • Capital One Venture X Rewards Credit Card
    • Hilton Honors American Express Aspire Card
    • For other cards mentioned visit our Best Credit Cards Page
    •  

      Full Show Notes

      (01:25) Should You Take the Standard Deduction or Should You Itemize?

      (03:59) Accelerating or Deferring Income

      (04:56) Charitable Donations

      (05:37) Donating Appreciated Assets

      (07:28) Donor-Advised Fund

      (08:39) Tax-Loss Harvesting and Common Index Fund Pairing

      (10:57) Selling Crypto at a Loss/Abandonment Loss

      (14:40) Opportunity Zone Investing

      (15:17) I-Savings Bonds

      (16:45) Stock Options/ISOs

      (17:37) Retirement Accounts

      (19:38) Contributing to a 529 Account

      (20:37) Use Up the Money in Your FSA Account

      (21:31) Max Out Your HSA Account

      (22:11) Energy Efficiency Upgrades

      (23:12) EV Tax Credit

      (23:27) Hired as a Business vs a W-2 Employee

      (24:52) Business Owner Tax Optimizations

      (30:19) HSA/FSAs and the Augusta Rule

      (32:31) California Municipal Bonds

      (32:54) End-of-the-Year Housekeeping: Points and Miles

      (34:05) Chasing Flight and Hotel Status

      (35:14) Taking Advantage of Benefits/Upgrades/Lounge Access Passes

      (35:39) Hotel, Credit Card, and Airline Credits

      (38:42) Credit Card: Travel Credits

      (39:18) Benefits Included with the American Express Hilton Aspire Card

      (40:47) San Francisco Event

       

      Connect with All the Hacks

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      Chris Hutchins: Twitter | Instagram | Website | LinkedIn


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