#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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Selected Links From The Episode

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
  


• 
  American Express Platinum: $200 Airline Credit | $200 Prepaid Hotels | $200 Dell | $50 Saks | $15/mo Uber ($35 in Dec) | $20/mo Digital Entertainment


• Saks Credit Ideas: Aesop and Mack Weldon Underwear
  


• 
  Amex Gold: $10/mo Dining | $10/mo Uber


• 
  Chase Sapphire Reserve: $300 Travel | $5/mo DoorDash | $10/mo Gopuff


• 
  Capital One Venture X: $300 Travel


• 
  Hilton Aspire: $250 Resort Credit | $250 Airline Credit | Annual Free Night | Complimentary Diamond Status | 150,000 point signup bonus

Full Show Notes

Introduction to this week’s episode (00:00 )

Should you take the standard deduction or should you itemize? (1:25 )

Accelerating or deferring income (3:59 )

Charitable donations (4:56 )

Donating appreciated assets (5:37 )

Donor-advised fund (7:28 )

Tax-loss harvesting and common index fund pairing (8:39 )

Selling crypto at a loss/abandonment loss (10:57 )

Opportunity zone investing (14:40 )

I-Savings Bonds (15:17 )

Stock options/ISOs (16:45 )  

Retirement accounts (17:37 )

Contributing to a 529 account (19:38 )

Use up the money in your FSA account (20:37 )

Max out your HSA account (21:31 )

Energy efficiency upgrades (22:11 )

EV tax credit (23:12 )

Hired as a business vs a W-2 employee (23:27 )

Business owner tax optimizations (24:52 )

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

California municipal bonds (32:31 )

End-of-the-year housekeeping: points and miles (32:54 )

Chasing flight and hotel status (34:05 )

Taking advantage of benefits/upgrades/lounge access passes (35:14 )

Hotel, credit card, and airline credits (35:39 )

Credit card: travel credits (38:42 )

Benefits included with the American Express Hilton Aspire card (39:18 )

San Francisco event (40:47 )

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