For higher income taxpayers :
Roth conversions are ideal when tax rates are low – but only if a taxpayer has the funds to pay the tax outside of the IRA . Something to consider over the next three years . Remember the funds must remain in the Roth IRA for a five-year period for tax free withdrawal
Capital gain tax planning – accelerate recognition of gains prior to 2026 to avoid a possible increase in capital gain rates
Charitable gifts of stocks to reduce capital gain income Accelerate income prior to 2026 if possible
• Best idea – consult with your financial and tax advisors since every taxpayer ’ s situation is different – which presents different opportunities to reduce taxes !