FinStockGenius

As the summer winds down, savvy taxpayers know it’s the perfect time for a mid-year tax review . Why wait until year-end to scramble for deductions and credits? Taking action now can unlock meaningful tax-saving moves —and potentially save you thousands come April. Whether you're a salaried employee, small business owner, or self-employed, reviewing your tax strategy before December gives you enough runway to make adjustments that matter. In this guide, we’ll explore powerful mid-year tax planning strategies tailored for the U.S. tax system in 2025. From maximizing retirement contributions to adjusting withholdings and harvesting tax losses, every section below is designed to help reduce your taxable income—legally and efficiently. Why Do a Mid-Year Tax Review? A mid-year tax review is like a financial health check-up—it helps you assess where you stand and plan smartly for the rest of the year. Here’s why it’s essential: Avoid unexpected tax bills Maximize de...