Smart Year-End Moves to Boost Your Wealth & Reduce Taxes

As we enter this season of gratitude, we want to thank you for trusting us to guide your business and financial journey. While you are making your holiday plans, here is a way to give yourself a gift that lasts far beyond the season: investing in your future while lowering your 2025 taxes.

Maximize Tax Savings with Retirement Plans

Beyond managing invoices or buying equipment, one of the most powerful ways to reduce your taxable income is contributing to tax advantaged accounts like retirement plans.

Why it works: Contributions to retirement plans are deducted directly from your taxable income, meaning you save money today while preparing for tomorrow.

Example:

• Net profit: 100000
• SEP IRA contribution: 20000
• Taxable income drops to 80000

It is like writing a check to your future self, not the IRS.

Options for Business Owners

• SEP IRA: Easy to set up, contributions for 2025 can be made until your tax filing deadline in 2026, but you must establish the plan by December 31.
  ​Solo consultant with 80000 net profit can contribute up to 16000
• Solo 401k: Higher limits, especially for those over 50. Establish by December 31, fund by tax filing.
  ​55 year old business owner can contribute up to 31000 as employee plus profit sharing
• Simple IRA: Ideal for small businesses with a few employees. Contributions are due by filing deadline.
• Special Catch Up for Ages 60 to 63 (SECURE 2.0): Up to 11250 catch up contribution in 2025

Don’t Forget Your HSA

A Health Savings Account (HSA) is one of the most powerful tax tools available:

• Contributions: Tax deductible
• Growth: Tax free
• Withdrawals: Tax free for qualified medical expenses

To qualify, you need a High Deductible Health Plan (HDHP). Contributions for 2025 can be made until April 15 2026.

Your Week of Gratitude Action Plan

1. Review contributions: How much have you already put into your retirement or HSA this year
2. Check eligibility: Do you qualify for an HSA
3. Act fast: Establishing a Solo 401k must happen by December 31

Schedule Your Retirement and HSA Strategy Call Today​
We will help you choose the right plan, calculate your maximum contribution, and ensure you do not miss any deadlines.

From all of us at [Your Firm Name], we wish you a joyful, restful, and financially smart Thanksgiving

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Stay ahead of taxes and build your future. Call now to plan your strategy