How to Lower Taxable Income
"How do I lower my taxes?" is the wrong question to ask. Know enough about our tax system to make sure you're asking the questions that really matter.
"How do I lower my taxes?" is the wrong question to ask. Know enough about our tax system to make sure you're asking the questions that really matter.
Today we discuss self-employment taxes, term life insurance, paying off debt vs investing, self-directed IRAs, mutual funds vs ETFs and lots more.
Probate is an expensive, time-consuming, public process you probably wish to avoid. Here are eleven ways to do so.
Today we discuss how to claim the foreign tax credit, physician mortgages, setting up a practice retirement plan, Able accounts, and listener questions.
Yes, the rich do take advantage of their knowledge of the tax code to pay less in taxes. But six of their seven techniques are available to everyone.
Those who suggest doctors in their peak earnings years should make Roth 401(k) contributions, do Roth conversions, or worse, avoid tax-deferred accounts altogether are either ignorant or selling something.
The 199a deduction can be complicated. Here are a few scenarios to help determine the best plan for your retirement savings (401k) and lower tax rates.
Don't give the government an interest-free loan this year. Know how, why, and when to adjust your withholdings to avoid a big tax refund.
Just how difficult is it for a physician to build wealth while living in California? Here are 12 reasons the economic costs may be too high to call it home.
Did you know you don't actually have to file your taxes on April 15th? Learn the right way to file a tax extension to avoid interest and penalties.
Section 199a may be your largest tax deduction, but it can make retirement savings complicated. Know your options if QBI applies to your business.
In the quest to lower taxes, I often hear a lot of stupid ideas to lower your tax bill. Today I'm going to go over the 15 worst ones.
The New 1040 is like Voldemort, the villain in Harry Potter. Numerous horcruxes have been hidden throughout the land and you will need to hunt them each down individually to destroy them.
Want to pay zero taxes in retirement? It's amazing what an understanding of the tax code plus the use of tax-protected accounts can do.
The Sec. 199A deduction is still a little confusing but has become much more clear over the last year. Here are 11 tips to help you understand the new law and maximize the size of your deduction so you aren't leaving money on the table.