Discover 5 Tax-Saving Opportunities Before December 31, 2025

Retirees reviewing year-end tax planning opportunities with a financial advisor in Southwest Florida

16 Dec Discover 5 Tax-Saving Opportunities Before December 31, 2025

Posted at 12:19h in Financial Planning, Nova Wealth Management News & Updates, Retirement Tax Planning by

Discover 5 Tax-Saving Opportunities Before December 31, 2025

Understanding the Impact of the “Big Beautiful Bill”

As the end of 2025 approaches, many individuals and retirees are looking for ways to make thoughtful tax decisions before December 31. Recent tax law changes — commonly referred to as the “Big Beautiful Bill” — have introduced new opportunities and adjusted existing rules that may affect income, deductions, and long-term retirement planning.

For individuals living in Bonita Springs, Naples, Marco Island, Estero, and Fort Myers, year-end tax planning can play a meaningful role in retirement income strategy, future cash flow, and long-term financial clarity.

At Nova Wealth Management, we help clients evaluate these opportunities within the context of their broader financial plan — not as isolated moves, but as part of a coordinated strategy.

Below are five tax-planning opportunities you may want to review before December 31, 2025.

1. Review Retirement Account Contributions While There’s Still Time

Year-end is often the final window to maximize retirement contributions for the current tax year.

Depending on your situation, this may include:

  • 401(k) or employer-sponsored plan contributions

  • IRA or Roth IRA contributions (subject to eligibility and income limits)

  • Business owner retirement plans, such as SEP or Solo 401(k)s

Increasing tax-advantaged savings can potentially reduce current taxable income while supporting long-term retirement goals.

→ Learn more:
Retirement Tax Planning

2. Evaluate Roth Conversion Opportunities

The final months of the year can be an important time to evaluate partial Roth conversions, particularly if your income is lower than usual or you are in a favorable tax bracket.

Key considerations include:

  • Current vs. future tax brackets

  • Timing of Required Minimum Distributions (RMDs)

  • Impact on Medicare premiums (IRMAA)

  • Long-term income flexibility

  • Estate and legacy planning goals

Roth conversions are highly individualized and work best when coordinated as part of a multi-year plan rather than a last-minute decision.

3. Take Advantage of Adjusted Standard Deductions and Credits

The “Big Beautiful Bill” adjusted several tax thresholds, including the standard deduction, which may affect whether itemizing makes sense.

In some cases, planning strategies such as:

  • Charitable giving timing

  • Bunching deductions

  • Reviewing eligibility for new or expanded credits

…may help align tax decisions more efficiently with your income and goals.

 

4. Review Investment Gains, Losses, and Portfolio Positioning

Year-end can be an appropriate time to review taxable investment accounts for:

  • Realized capital gains

  • Opportunities to offset gains with losses

  • Rebalancing portfolios with tax awareness

  • Coordinating investment decisions with retirement income needs

Tax-aware portfolio reviews help ensure investment activity aligns with both market conditions and tax considerations.

→ Explore:
Retirement Investment Planning

5. Coordinate Tax Planning With Retirement Income and Legacy Goals

Tax decisions rarely exist in isolation. Year-end planning should be coordinated with:

  • Social Security timing

  • Retirement income withdrawals

  • Healthcare and Medicare considerations

  • Beneficiary designations

  • Estate and legacy planning objectives

Taking a broader view helps avoid unintended consequences while supporting long-term goals.

→ Related services:
Retirement Income Planning
Legacy & Estate Planning

Why Year-End Planning Matters More Than Ever

Tax laws continue to evolve, and many opportunities are time-sensitive. Waiting until after December 31 may limit your options for the current tax year.

A proactive review before year-end allows you to:

  • Understand how recent tax changes affect you

  • Identify opportunities aligned with your goals

  • Make informed decisions with clarity

  • Avoid rushed or reactive planning

 

TL;DR — 5 Tax-Saving Opportunities Before December 31, 2025

  • Review and maximize retirement contributions

  • Evaluate Roth conversion opportunities

  • Understand updated deductions and credits

  • Review investment gains and losses with tax awareness

  • Coordinate tax decisions with retirement income and legacy planning

Thoughtful year-end planning can help support both current and long-term financial goals.

Next Steps

If you’d like help reviewing your year-end tax strategy — or understanding how recent tax law changes may affect your retirement plan — our team is here to help.

Contact Us
Call 1-888-677-9910 to schedule a conversation.

Disclosure: This content is for educational purposes only and does not constitute personalized tax, legal, or investment advice. Tax strategies should be evaluated based on your individual circumstances.

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🚗🎁 December Is Car Donation Month — Is It the Right Move for You?

Donating a vehicle can be a meaningful way to give back and potentially receive a tax deduction — but it’s not always the best choice for everyone.

Before you hand over the keys, here are a few things to consider:

🔹 Tax Benefits
You may be able to claim a charitable deduction, depending on how the organization uses your vehicle and your individual tax situation.

🔹 Fair Market Value vs. Sale Proceeds
Sometimes the deduction is based on the charity’s sale price of the vehicle, not the value you see online. Understanding how this works can help set expectations.

🔹 Your Financial Goals
Does donating support your tax plan, or would selling the car privately be more beneficial?

🔹 Charity Selection
Make sure the organization is a qualified 501(c)(3) and provides the proper documentation for your records.

If you’re considering a car donation this month but want to understand the financial impact, we’re here to help you think it through.

#CarDonationMonth #CharitableGiving #TaxPlanning #YearEndPlanning #NovaWealthManagement

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Dec 18

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🚗🎁 December Is Car Donation Month — Is It the Right Move for You?Donating a vehicle can be a meaningful way to give back and potentially receive a tax deduction — but it’s not always the best choice for everyone.Before you hand over the keys, here are a few things to consider:🔹 Tax Benefits You may be able to claim a charitable deduction, depending on how the organization uses your vehicle and your individual tax situation.🔹 Fair Market Value vs. Sale Proceeds Sometimes the deduction is based on the charity’s sale price of the vehicle, not the value you see online. Understanding how this works can help set expectations.🔹 Your Financial Goals Does donating support your tax plan, or would selling the car privately be more beneficial?🔹 Charity Selection Make sure the organization is a qualified 501(c)(3) and provides the proper documentation for your records.If you’re considering a car donation this month but want to understand the financial impact, we’re here to help you think it through.#CarDonationMonth #CharitableGiving #TaxPlanning #YearEndPlanning #NovaWealthManagement

Financial planning isn’t static—it’s a process.
Wisdom often comes from aligning financial decisions with your goals 🎯, your values 💭, and life’s changing circumstances 🔄.

What works today may need to evolve tomorrow, which is why regular reviews and thoughtful planning matter. A strong plan is designed to adapt as your life does.

If you’d like to talk through your goals or review where you are today, our team is here to help 🤝. Call us at 1-888-677-9910 to schedule a conversation 📞.

#WealthWisdomWednesday #FinancialPlanning #ThoughtfulPlanning #LongTermPlanning #FinancialClarity #GoalsAndValues #LifeTransitions #NovaWealthManagement

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Dec 17

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Financial planning isn’t static—it’s a process. Wisdom often comes from aligning financial decisions with your goals 🎯, your values 💭, and life’s changing circumstances 🔄.What works today may need to evolve tomorrow, which is why regular reviews and thoughtful planning matter. A strong plan is designed to adapt as your life does.If you’d like to talk through your goals or review where you are today, our team is here to help 🤝. Call us at 1-888-677-9910 to schedule a conversation 📞.#WealthWisdomWednesday #FinancialPlanning #ThoughtfulPlanning #LongTermPlanning #FinancialClarity #GoalsAndValues #LifeTransitions #NovaWealthManagement

🕎 Happy Hanukkah from Nova Wealth Management

As the Festival of Lights begins, we want to extend our warmest wishes to all of our clients, friends, and families who celebrate. ✨

May this Hanukkah bring you light, joy, and peace — and may your homes be filled with warmth, love, and gratitude during this special season. 💙

From all of us at Nova Wealth Management, Happy Hanukkah!

#HappyHanukkah #FestivalOfLights #Gratitude #NovaWealthManagement #Community #SWFL #DallasTX

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Dec 14

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🕎 Happy Hanukkah from Nova Wealth ManagementAs the Festival of Lights begins, we want to extend our warmest wishes to all of our clients, friends, and families who celebrate. ✨May this Hanukkah bring you light, joy, and peace — and may your homes be filled with warmth, love, and gratitude during this special season. 💙From all of us at Nova Wealth Management, Happy Hanukkah!#HappyHanukkah #FestivalOfLights #Gratitude #NovaWealthManagement #Community #SWFL #DallasTX

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