Articles, High-Income Earners
The 199A deduction, also known as the Qualified Business Income (QBI) deduction, is often described as an opportunity for business owners to deduct up to 20% of their qualified business income. Because of that, many high-income taxpayers assume one of two things. They... 
Articles, High-Income Earners, Real Estate Investors
Real estate has long been promoted as one of the most tax-efficient investment opportunities available. As a result, many high-income earners begin looking at property not only as an investment, but also as a way to reduce their tax liability. While real estate can... 
Articles, Real Estate Investors
Many high-income earners invest in real estate with the hope of reducing their overall tax liability. As they begin exploring different tax strategies, one term comes up frequently: Real Estate Professional Status, often referred to as REPS. It is easy to see why it... 
Articles, High-Income Earners
Since the introduction of the federal limitation on state and local tax (SALT) deductions, many high-income taxpayers have found themselves paying more in federal taxes than they expected. This has been especially noticeable in states like California, where state... 
Articles, Business Owners
Many business owners cover business-related expenses throughout the year without giving much thought to how those costs are being treated from a tax perspective. Travel, home office expenses, vehicle use, and other out-of-pocket costs are often handled informally or...
