No one wants to think about taxes at year-end. Here's why you should.

The last thing anyone wants to think about at year-end is taxes, but it’s the first thing you should think about, advisers say. President Donald Trump’s signature tax and spending package introduced significant tax breaks, with many retroactive to Jan. 1. Americans should take advantage of those, in addition to regular strategies to defer income and increase deductions, advisers say. Moves now can help lower your 2025 tax bill and set you up for an even more prosperous 2026, they say. “Tax planning is al ...