Dr. Friday reminds us not to wait until the last minute. With 2024 filings still open and 2025 nearly done, now is the time to plan.
Transcript
G’day, I’m Dr. Friday, president of Dr. Friday’s Tax and Financial Firm. To get more info, go to www.drfriday.com. This is a one-minute moment.
When we’re talking about taxes and we’re looking at 2024 tax filings still on the table, as well as the tax year of 2025, which we’re only a few months from the end of, we need to be thinking both years.
Even if you’re delaying your preparation or filing—physically hitting the button to do your 2024—you’ve only got a few more months to make changes. So if you’re thinking Roth conversions, you’re thinking about contributing money to your 401k, that has to be done through paychecks if you’re an employee.
These are the kinds of times now. Tax planning is what you should be doing for 2025. Otherwise you may miss that window.
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