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You still have time to reduce your tax bill—but only if you act before December 31.
In this video, Dave Horwedel, CEO of Torchlight Tax, explains key year-end tax deductions available to individuals (even if you’re not a business owner). These last-minute strategies can help lower your taxable income if executed correctly and on time.
🔍 In this video, we cover:
Charitable giving deductions and how to document them properly
Medical expense deductions and timing strategies
Retirement contributions (401(k) deferrals)
Health Savings Account (HSA) contributions and rules
Tax-loss harvesting in taxable investment accounts
Flexible Spending Account (FSA) year-end deadlines
If you are a business owner, self-employed, or receive a 1099-NEC, be sure to watch our related video:
“BUSINESS OWNERS: LOWER YOUR TAXES—DEDUCTIONS YOU CAN TAKE BEFORE DECEMBER 31ST” for additional strategies.
⏰ Important:
Year-end tax planning is time-sensitive. Missing a step—or waiting too long—can cost you valuable deductions. If you’re unsure how to execute any of these strategies correctly, work with a qualified tax professional.
📚 Learn more:
Visit Torchlight Tax for over 400 blog articles and videos covering tax savings, asset protection, and advanced planning strategies.
🌐 Website: TorchlightTax.com
📞 Free consultation: 877-758-7797
📧 Email: info@torchlighttax.com
👍 If you found this video helpful, please like, share, and subscribe to the Torchlight Tax YouTube channel for more tax-saving insights.
Disclaimer:
This video is for informational purposes only and does not constitute tax or legal advice. Always consult a qualified tax professional regarding your specific situation.
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