Posts Tagged ‘HSA’
Marriage, Kids, and Care Credits for Doctors
Life changes.So do your taxes. This guide keeps it simple and focused.Short lines. Clear steps. Practical moves you can use this year. What changes when you marry Your filing status shifts the brackets. You may hit phaseouts sooner or later, depending on income mix. With two earners, withholding needs a reset. Student loans and repayment…
Read MoreMake Your Retirement Plan Pay You Back
You work hard.Your retirement plan should pay you back now and later. This guide gives you clear steps you can run this month.Short lines. Direct actions. No fluff. What “pay you back” means Cash benefit today Lower taxes this year Flexible withdrawals later Protection for family and practice Ask yourself: Where’s the free money? Which…
Read MoreOctober 15 Tax Deadline for Doctors: What You Need to File, Fix, and Finish
You filed an extension.Now the clock runs out. Use this checklist to finish clean, lower stress, and still find savings where you can. What’s due on October 15 Individual return (Form 1040). Final day for extended returns. S-Corporation and Partnership owners. Your business returns were due Sept 15. Make sure you have all Schedule K-1s…
Read MoreCash Balance Plans for High-Earning Physicians: When It Works
You earn a strong income.You want a bigger deduction and a predictable way to save.A cash balance plan might fit. It might not. This guide keeps the steps simple. Clean math. Real trade-offs. Short lines you can scan. What a cash balance plan is A defined benefit plan with a pay credit and an interest…
Read MoreLiability Protection for Doctors: Shield Your Practice and Personal Wealth
You treat patients.You also carry risk. This guide keeps it simple.Short lines. Clear steps. Action you can run this week. What “liability protection” really means One bad event shouldn’t touch good assets. Your practice risk stays inside the practice. Your personal life stays separate. Taxes support the plan and free cash to protect more. Start…
Read MoreDoctors’ Checklist for Taxes on a Practice Sale
You built a practice.Now you’re planning the exit. This checklist helps you keep more after taxes.Short steps. Clear actions. Straight talk. First, pick your lane Asset sale. Buyer purchases assets. You keep the entity. Often more tax-friendly for buyers. Stock or ownership sale. Buyer purchases the entity itself. Often simpler for sellers. Ask early: Which…
Read MoreMake Your Retirement Plan Pay You Back
You work hard.Your retirement plan should pay you back—now and later. This guide shows simple moves you can run this month.Short lines. Clear actions. No fluff. What “pay you back” means Cash benefit today Lower taxes this year More choices later Protection for your family and practice Ask yourself: Where can I get free money?…
Read MoreTax Planning That Does More Than Save—It Protects You Too
You want to practice medicine.You also want your family and future protected. This guide shows clear steps for liability protection for physicians and the tax moves that support it. Short lines. Clean actions. Real-world fit. What “protection” really means Keep a bad event from taking good assets. Separate practice risk from personal life. Use entities…
Read MoreDoctors’ 2025 Tax Playbook: Keep More Of Your Income
You work hard for your income.Keep more of it. This playbook gives you simple steps, quick checks, and clean moves you can run all year. Short lines. Clear actions. No fluff. W-2 vs 1099: know your lane Employed (W-2): You can’t deduct unreimbursed job costs on your federal return. Use workplace plans. Adjust withholding after…
Read MoreFinancial Freedom or Frugal Forever?
You want independence.You also want a life you actually enjoy. That tension is the point. This guide helps you decide—financial freedom or frugal forever? knowing when to spend—without guilt or guesswork. You’ll get simple tests, tax-aware timing, and a few rules you can keep. And yes, some small contradictions. Because real life is messy. What…
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