At the end of each calendar (tax) year, taxpayers lose most opportunities to reduce their taxable income and lower their tax bill. Thus, time is of the essence to take action to save money on taxes before each year ends. This class will describe over a dozen actions that people can take before December 31 including early RMD withdrawals during financial "gap years," preparing a draft tax return to estimate potential taxes, comparing current and prior year income and expenses, tax loss harvesting, qualified charitable deductions (QCDs), Roth conversions, bunching deductions, donor advised funds, safe harbor rules for tax withholding, deferring income and capital gains, and contributing to tax-deferred savings plans if still working.