Nine reindeer tax games before the ball drops

I met Kay Bell a little over a year ago in Chicago.  She’s kept Don’t Mess With Taxes as true to topic as any personal finance blogger I know: all taxes, all the time on her blog.  (As you’d expect from a tax blog, no?)

Recently she’s come through with nine end-of-year tax games with a Christmas reindeer theme.  Enjoy!

  1. Dasher says to dash to use up your FSA funds; if you don’t get a grace period to claim expenses, the money that you contributed is lost at year-end
  2. Dancer bows to say that doing a mock tax return to get a quick 10,000-foot view of your tax landscape.
  3. Prancer dances to the tune of selling appreciated assets by year-end to
  4. Vixen cleans house with reminders of estate gift tax limits for this year
  5. Comet rings his bell and tells everyone to get donations in by year-end for tax breaks this coming April
  6. Cupid reminds everyone of when their marital status affects their tax filing classification
  7. Donner gives a heads-up for you to harvest investment losses to offset taxable gains
  8. Blitzen says to consider converting to a Roth IRA as you decide whether to pay taxes now or later
  9. Rudolph recommends that you bunch your deductions — particularly medical and dental deductions and miscellaneous Schedule A deductions because they have a floor associated with them

John Wedding

Husband. Father. Web publisher. Musician. John has blogged at Mighty Bargain Hunter since 2005, helping people to recognize life's good deals.

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Comments

  1. Great tips. It’ s hard to make taxes fun, but I like the reindeer theme.

  2. Good tips! Maybe my CPA should check this out.

  3. hahahaha Even though I am a tax accountant, there is no way I’d ever do a mock return! Sounds like about as much fun as walking on a bed of nails. ;)

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