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

All the Hacks: Money, Points & Life

Chris Hutchins

Business, Society & Culture, Education, Self-improvement, Investing, Places & Travel

4.8 • 1.6K Ratings

🗓️ 14 December 2022

⏱️ 42 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

#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 Partner Deals Daffy: Free $25 to give to the charity of your choice For all the deals, discounts and promo codes from our partners, go to: allthehacks.com/deals 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 All the Hacks: Newsletter | Website | Membership | Email Chris Hutchins: Twitter | Instagram | Website | LinkedIn Editor’s Note: The content on this page is accurate as of the posting date; however, some of our partner offers may have expired. Opinions expressed here are the author's alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Hello, and welcome to another episode of All the Hacks, a show about upgrading your
0:05.9	life, money, and travel.
0:07.7	I'm your host Chris Hutchins, and every year as we get closer to December 31st, I start
0:12.5	to make sure I've done all the right moves for my money, taxes, points, miles, and more.
0:17.8	So I thought I'd put together an episode to share with all of you what that actually
0:21.5	means.
0:22.5	There's a lot of good content that I hope can help you all be more optimized this year.
0:27.2	And when it comes to all the tax topics, I want to give a big shout out to Talbinder,
0:31.1	the founder and CEO of Gelt, a tax planning company, that I was so impressed with when I met
0:36.3	Tal and I heard all of his tax knowledge that I knew I had to invest a small amount in
0:41.1	the company.
0:42.1	And since then, I've become a paying customer of their services for my personal and business
0:46.4	taxes.
0:47.5	And Tal spent 90 minutes giving me feedback and advice for all the content in this episode,
0:52.2	which was so helpful.
0:53.7	However, full disclosure, I am not an accountant or a CPA, so you shouldn't take anything
0:58.9	I'm about to share as tax advice.
1:01.1	And if you do want tax advice, talk to your own accountant, or if you want to check out
1:05.1	Gelt, you can schedule a call with their team to learn more at allthax.com slash G-E-L-T.
1:12.3	Note that they are not a sponsor that is not an affiliate link, but Tal did say that
1:16.7	he'd let anyone that comes from all the hacks skip their way list.
1:20.5	Okay, let's get into the episode right after this.
	...

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