009 - April 15 is Coming! What You Can STILL Do to Lower Last Year’s Taxes
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009 - April 15 is Coming! What You Can STILL Do to Lower Last Year’s Taxes
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It’s that time of year—dentists everywhere are opening their tax returns and saying, “Wait… I owe HOW much?!” If you’re in tax shock, don’t panic just yet. While planning ahead is ideal, there are still seven strategies you can use before April 15th (or even later if you file an extension) to reduce your tax bill for last year.
In this episode, we cover:
✅ Maxing out your HSA – If you have an eligible plan, you can still contribute and lower your taxable income.
✅ Funding your IRA – Traditional, Roth, or backdoor Roth? We break down the options.
✅ Maximizing your 401(k) profit sharing – Should you go with the minimum or max?
✅ Considering a SEP IRA or Defined Benefit Plan – Huge tax savings for high earners.
✅ Taking the Home Office Deduction – A must-know for sole proprietors.
✅ Optimizing Depreciation – Bonus depreciation vs. Section 179
Don’t let tax season catch you off guard—listen now and learn what you can still do to save money!
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