Money Moves to Make Now to Reduce Next Year’s Tax Bill

WSJ Your Money Briefing

The Wall Street Journal

Business News, News

4.1 • 1.7K Ratings

🗓️ 1 November 2024

⏱️ 9 minutes

🔗️ Recording | iTunes | RSS

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Summary

Tax-filing season is still several months away. Wall Street Journal reporter Laura Saunders joins host J.R. Whalen to discuss money-saving adjustments taxpayers can make to their withholding levels and retirement accounts, plus tax credits to take advantage of, before the end of 2024. Sign up for the WSJ's free Markets A.M. newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Balance your trading strategy by adding futures.
0:02.7	CME Group helps you manage risk and capture opportunities in all market environments.
0:07.2	Capitalize on around-the-clock access to highly liquid global futures and options markets across all major asset classes.
0:13.7	Visit your online broker and get started.
0:15.6	See what adding futures can do for you at CMEGroop.com slash podcast.
0:19.9	Derivatives are not suitable for all investors and involve the risk of losing more than the
0:23.3	amount originally deposited in any profit you might have made. This is not a recommendation
0:26.8	or offer to buy, sell, or retain any specific investment or service.
0:32.6	Here's your money briefing for Friday, November 1st. I'm J.R. Whalen for the Wall Street
0:37.2	Journal.
0:40.9	It might seem a little early to be talking about paying your taxes, but you can take steps now
0:46.0	to cut your 2024 tax bill. If you want to make a charitable contribution and have a deduction for it,
0:51.8	you need to make it before December 31st. If you want
0:55.1	to get certain kinds of energy credits, you have to make the investment before December 31st.
1:00.9	December 31st is a big deadline for all kinds of things.
1:04.5	Wall Street Journal tax reporter Laura Saunders will join us after the break.
1:12.9	The Capital Ideas podcast now has a new monthly edition
1:16.1	hosted by Capital Group CEO Mike Gitlin.
1:19.0	Investment professionals reveal their best mentors,
1:21.6	how they find their next great idea,
1:23.2	and a few funny stories.
1:24.7	Subscribe wherever you get your podcast.
	...

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