Do you realize that, after the recent tax reform—between income, capital gains, Medicare, self-employment and other taxes—some physicians may still be facing marginal tax rates in excess of 50%? How many months are you working for the government before you start earning money for yourself? And, if you are like many physicians, you get very few tax planning ideas from your advisors.
Given these sobering facts, it is important that you discover ways to save, so we’ve put together a list of strategies to help you enter 2020 on the right path. Note, it is important to implement these planning concepts early in the year when you can best take advantage of them.
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