2015-16 Tax and Planning. Do this now!

Things to do before December 31, 2015

  • Take the Required Minimum Distribution if > 70 ½ years old
  • Contribute to a 529 Qualified Tuition Plan
  • Monitor mutual fund’s capital gains distributions; they could be surprisingly large this year
  • Sell investments with losses to offset capital gains distributions from mutual funds
  • Make charitable donations with investments that have unrealized gains
  • Sign up for health care insurance
  • Make an estimated tax payment (especially front load state payments)
  • Monitor tax extender legislation if you might be impacted by expiring tax benefits