As the days grow shorter and the nights grow longer, there’s nothing quite like curling up on the couch with a warm beverage, watching some football, and enjoying the comforting aroma of a crackling fire. But while the autumnal atmosphere may be inviting, it’s also an excellent opportunity to harken back to the great Deion Sanders and recognize that this is the Prime Time for year-end tax planning.

Just as the Kansas City Chiefs strive for an elusive three-peat championship, you can aim for a financial victory by maximizing your tax deductions and credits toward the end of the year. You can significantly reduce your tax burden by considering the key areas to focus on and leveraging the available opportunities.

Consider charitable gifts, retirement contributions, business expenses, capital gains and losses, and tax-loss harvesting. Each presents unique opportunities to optimize your tax situation.

Remember, the key to successful tax planning is to be proactive. Starting early allows you to gather the necessary documents, explore available deductions and credits, and make informed decisions about your financial strategy. Don’t wait until the last minute to scramble — start now and harvest the benefits.

As your team hits the gridiron, our team at Trust Company would love to coach you to a successful year-end. We are here to help you tackle your financial future with the same precision and strategy as your favorite team. We have a playbook with tactics to fit your financial goals. We will team up with your other advisors to ensure you score a touchdown come tax season.