Out-of-pocket medical expenses often get overlooked because they’re only deductible if they exceed 7.5% of your adjusted gross income (AGI) . But if you’ve had a high-cost medical year, prepaying January appointments or procedures could push you over that threshold. Dental work, vision care, and prescription costs all count.Timing your charitable donations can help you maximize your tax deduction. If you're close to the itemization threshold, try bunching several years of donations into the current year (e. ...

Table of Contents Expand Table of Contents Smart year-end moves can strengthen your financial position heading into 2026. Choreograph (Konstantin Yuganov) / Getty Images Close Key Takeaways New year, new you. To start 2026 off on the right foot financially, you may have to put some legwork in right now. Boosting your workplace retirement plan contributions before year-end can meaningfully lower your tax bill. Some OBBA tax changes may offer extra savings for select individuals. Take time to make sure you do ...