It's almost the end of the year. With 2022 coming to a close and 2023 about to begin, it's a good time to check in on your finances.
Here are Vivid Crest Bank 's top tips to help you close out the year financially prepared.
A surprising 25% of Americans have no emergency savings.
Here are the top 10 most overlooked tax deductions:
State sales taxes
Reinvested dividends
Out-of-pocket charitable contributions
Student loan interest
Moving expenses
Dependent care tax credit
Earned income tax credit
State tax you paid last spring
Refinancing mortgage points
Jury pay paid to employer
Check with your credit card provider to make sure you're not missing out.
Don't forget to review your insurance policies and make sure everyting is up-to-date and accurate.
Here are the things you're going to want to check off your financial to-do list before the year ends…
Don't leave money on the table! 401k is the most popular method for saving money for retirement, and for most people (62%) it will be their largest source of income in retirement.
When making charitable contributions of money or property, you may deduct up to 50% of your adjusted gross income (but 20% and 30% limitations apply in some cases).
It won't hurt to get a jump on next year! Here are some things you can do to plan for the financial year ahead (and beyond)...
And a surprising number (43%) of workers guess how much they need to retire rather than basing it on current expenses or using a retirement calculator.
Visit vividcrestonline.com to find out more.
LEARN MORE: Owe Taxes This Year? Here’s How to Plan Better for Next Year