Proactive Tax Planning

Year-round strategies to minimize tax liability

Total Potential Savings

$26.0K

Across 5 strategies

Savings Captured

$10.2K

39% of potential

Strategies Active

2/5

3 opportunities left

Next Deadline

Mar 15

S-Corp election deadline

Maximize Retirement Contributions

Implemented

Contribute full $23,000 to 401(k) before year-end to reduce taxable income

$7,360 savingsDue: 12/31/2025

Convert to S-Corp Election

complex

Save on self-employment tax by electing S-Corp status for your LLC

$8,500 savingsDue: 3/15/2025

Accelerate Business Expenses

easy

Purchase needed equipment before Dec 31 for Section 179 deduction

$4,200 savingsDue: 12/31/2025

Tax-Loss Harvesting

moderate

Sell losing investments to offset capital gains

$3,100 savingsDue: 12/31/2025

Home Office Deduction

Implemented

Claim home office deduction for 300 sq ft dedicated workspace

$2,800 savingsDue: 12/31/2025