The New OBBBA Law and Student Loans Part 3 What Physicians Need To Know
The One Big Beautiful Bill for America (OBBBA) was signed into law earlier this month, and because there are so many items to cover, we’re breaking our analysis into a three-part series: Part 1: Personal income tax changes that affect physician households [Read here if you missed it] Part 2: Changes impacting medical practices and […]
The New Tax Law (OBBBA) Part 2: What Practice and Business Owners Need To Know
The One Big Beautiful Bill for America (OBBBA) was signed into law earlier this month, and because there are so many items to cover, we’re breaking our analysis into a three-part series: Part 1: Personal income tax changes that affect physician households (See previous blog post in case you missed it!) Part 2 (this article): […]
The New Tax Law (OBBBA) Is Here: What Physicians Need to Know Part 1
The One Big Beautiful Bill for America (OBBBA) was signed into law last week, and our team has since been laser focused on how this new law will specifically affect physician finances and planning. Most physician households will experience only slight changes from the prior tax environment to the new landscape under OBBBA. We are […]
Can Realizing Capital Gains Push You Into A Higher Tax Bracket?
Can realizing capital gains push you into a higher tax bracket? Let’s dive a bit deeper into this topic to determine how capital gains may affect your tax situation.
3 Clever Ways High-Earners Can Invest in Roth Accounts
Many doctors quickly reach income thresholds that prohibit direct Roth IRA contributions. Here are some ideas for doctors to access Roth accounts.
5 Tax Planning Opportunities for Doctors Based On The President’s New Proposals
President Biden’s vision for revitalizing the country has been met with a flurry of news headlines. Phase 1, the American Rescue Plan, was signed into law this past March. The $1.9 trillion plan came with direct payments, a boost to unemployment benefits, an expansion of popular tax credits like the child tax credit, among other […]
5 Tax Reduction Strategies Medical Practice Owners Can Consider
Taxes are one of the most universal aspects of finances—at some point, everyone has to pay them, but not everyone pays taxes in the same way. There are different strategies to consider, especially for medical practice owners. You don’t have to be an expert to try to take control of your tax situation, though it’s […]
How To Make The Best Tax Choices (Even Now)
Elections bring about a lot of uncertainty, and this one is no different. Right now, the big question for high-income physicians is, how will the election results impact my taxes? With Joe Biden winning the presidential race, we can likely expect some tax changes over the next couple of years. It’s important to remember that […]