Alvin Ubaldo Shares Expert Tax Planning Insights for 2025 and Beyond

• Start Early—Don’t Wait Until the Last Minute

Many people wait until the end of the year to think about their taxes.

Alvin Ubaldo says that’s a mistake. Instead, start planning at the beginning of the year.

“Tax planning should be part of your routine, not something you rush at the end,” Alvin explains.

By planning early, you can make smarter decisions about saving, spending, and investing. You’ll also have more time to take advantage of tax benefits.

• Stay Updated on Tax Law Changes

Tax rules change often. In 2025, some of the tax breaks from the Tax Cuts and Jobs Act (TCJA) might end unless new laws are passed. This could mean higher taxes for some people starting in 2026.

Alvin says it’s important to understand how these changes might affect you before they happen.

“Don’t assume next year will be the same as this year. The rules may be very different,” he says.

• Make the Most of Retirement Accounts

Retirement savings accounts like 401(k)s and IRAs help you save on taxes now and in the future. Alvin recommends reviewing your contributions each year.

If you expect higher taxes later, a Roth

IRA conversion might be smart. And if you're close to retirement, be careful about how and when you withdraw money—it can affect your taxes.

“Saving is just one part. Knowing when to take the money out is just as important,” says Alvin.

• Use Investment Losses to Reduce Taxes

If you invest in the stock market, Alvin suggests using a strategy called tax-loss harvesting. This means selling investments that have lost value to balance out the taxes on those that gained.

Also, try to hold investments for over a year. That way, you’ll pay a lower tax rate on your profits.

“The timing of your sales can really help you save money on taxes,” Alvin says.

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