Calendar Year
The end of the Gregorian year is in a few days and many fiscal calendars also roll over. You have just a few business days to make any financial moves you intended for 2025. Tax codes have a number of year-based requirements, but there are other things to consider, from estate planning to vacation time.
How to do it:
Consider these areas of concern:
- There’s a long list of tax situations that can call for actions before the calendar year ends, and tax codes are changing, too. Ameriprise check list.
- Charitable deduction rules change in 2026, so waiting may benefit you.
- Spend FSA/HSA accounts that expire.
- Max out retirement contributions, if you can.
- File vacation-time paperwork to rollover or cash out unused days.
- If you expect to help a family member financially (more than $19k) in 2026, split the gift across years to avoid tax penalties. This includes home-buying help, or paying down tuition debt.
