Maximize contributions to tax-advantaged retirement accounts
Contribute to a traditional IRA if eligible
Use a Health Savings Account if eligible
Use a Flexible Spending Account if available
Contribute to a 401(k), 403(b), or similar employer plan
Harvest capital losses to offset capital gains
Defer income to a later tax year when possible
Accelerate deductible expenses into the current tax year
Claim all eligible business deductions
Deduct home office expenses if you qualify
Track and deduct self-employment expenses
Use the standard deduction or itemize if itemizing is higher
Deduct mortgage interest if eligible
Deduct state and local taxes within limits
Deduct charitable contributions if eligible
Deduct medical expenses that exceed the threshold if eligible
Use tax credits to reduce tax liability
Invest in tax-efficient funds
Hold investments longer to qualify for lower long-term capital gains rates
Use tax-loss harvesting in taxable accounts
Open and fund a 529 plan if applicable
Use dependent care tax benefits if eligible
Claim education-related tax benefits if eligible
Make deductible business purchases before year-end if appropriate
Consider a solo 401(k) or SEP IRA if self-employed
Review filing status for the most favorable option
Keep accurate records of deductible expenses
Work with a qualified tax professional