In 2025, I received about 1 year's salary, in addition to regular salary as part of my severance package after losing my job. What are ways to save on taxes this year?

posted

Connect with an expert

1 Reply

In 2025, I received about 1 year's salary, in addition to regular salary as part of my severance package after losing my job. What are ways to save on taxes this year?

If eligible and applicable tax savings can be accomplished by contributing to a retirement plan, an HSA and harvesting capital losses. If you itemize try bunching deductible items such as charitable contributions and property tax into this year.

Still have questions?

Questions are answered within a few hours on average.

Post a Question

*Must create login to post