SAM's 2025 Year-End Checklist
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Taking a few proactive steps now can help you finish the year strong and set a solid foundation for the year ahead.
Now is an important time to make sure your financial plan is taking advantage of the opportunities available before December 31. Many decisions related to contributions, deductions, insurance, and overall planning, have year-end cutoffs that can influence your taxable income and your broader financial picture. SAM’s 2025 Year-End Checklist outlines the key areas to review so you can enter 2026 feeling prepared and confident.
Preview of the Checklist:
- Are you on the threshold of a higher tax bracket?
Why it matters: Crossing into a higher bracket can cause more of your income to be taxed at a higher rate, reducing what you keep. By recognizing this, you can harvest investment losses, accelerate deductions, or complete Roth conversions before year-end to help manage your taxable income. - Take advantage of higher 401(k) & IRA contribution limits
Why it matters: For 2025, higher contribution limits mean more room to save in tax-advantaged accounts. Maxing out your 401(k) or IRA before year-end can lower taxable income and boost long-term growth. - Consider strategic gifting before year-end
Why it matters: In 2025, the annual gift tax exclusion lets you give up to $19,000 per person ($38,000 per couple) without reducing your lifetime exemption. Gifting now can lower future estate taxes, transfer more wealth to loved ones, and strengthen your
overall wealth plan, all while supporting the people and causes that matter most to you.
*This guide is designed to help you think through what may apply to your situation, but it is not a substitute for personalized tax or legal advice.
