Less than 48 hours left in 2025. Use that time to save on taxes.

Tax Savings Opportunities - The SECURE 2.0 Act allows individuals under 59-1/2 to withdraw up to $2,500 from retirement plans for long-term care insurance premiums without a 10% penalty, but the distribution will be taxed as income and must occur on Dec. 30 or 31 [2] - The residential clean energy credit and energy-efficient home improvement credit are available until Dec. 31, providing a 30% credit on installation costs for qualifying energy items and improvements [3][6] - Individuals aged 50 or older can make catch-up contributions to 401(k) plans by Dec. 31, with additional contributions of $7,500 for those aged 50 and above, and $11,250 for those aged 60 to 63 [7] Charitable Contributions - Non-itemizers should delay charitable donations until after the new year to claim deductions of up to $1,000 for single filers and $2,000 for couples filing jointly [9] - Itemizers are encouraged to make generous donations by Dec. 31 to maximize tax benefits, as only contributions exceeding 0.5% of adjusted gross income will be deductible next year [10] - Taxpayers in the top 37% bracket will see a reduced tax benefit from itemized deductions next year, with a $10,000 donation yielding a $3,500 benefit instead of $3,700 [11]