09/03/2026
Tax season doesn't end in April. Smart tax planning is a year-round strategy.
Here are three overlooked moves that could make a difference for your 2026 taxes:
1. Evaluate Roth Conversions
If you have money in a traditional IRA or 401(k), converting to a Roth could be one of the smartest long-term moves you make. Roth accounts grow tax-free and aren't subject to RMDs during your lifetime. The years between retirement and RMD age are often the ideal time to convert.
2. Time Your Income and Deductions
Managing when you receive income and pay expenses can move the needle more than any individual write-off. Consider deferring income to next year and accelerating deductible expenses into the current year when it makes sense for your bracket.
3. Max Out Your HSA First
Health Savings Accounts offer a triple tax advantage: deductible contributions, tax-free growth, and tax-free withdrawals for qualified medical expenses. For many, maxing out an HSA before a 401(k) is the smarter move.
Need personalized tax guidance? Our team helps Virginia and DC residents make informed tax decisions year-round.
Learn more: https://novataxservices.com/