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Sooo AMC.. who’s in?
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Coach
Yes. They’re called CPA’s. Or you can read the tax code yourself.
In most cases, if you’re a W2 worker, there isn’t much you can do that will actually help and be worth it. In most cases, you’ll save $.30 to $.40 on the dollar in taxes for investments in the right places. It’s not worth shoveling money into your investments that underperform the market just to chase the tax advantage tail.
Coach
I mean, I have my CPA who helps me with tax advice. But he specializes in real estate, which may not help you if you don’t own rental properties.
Coach
Tax Strategies for High Net-Worth Individuals: Save Money. Invest. Reduce Taxes. by Adil N. Mackwani
Lots of good personal finance content out there (try white coat investor, money guy show, Paula pant) but generally with high income best we can do is max pre tax 401ks and HSA. If you have FSAs use that too. Anything to take income or expenses pretax. Otherwise, gotta pay the tax man and we really can’t avoid it.