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Welcome to the blog!
A repository of articles about things doctors didn't learn in medical school, covering side gigs, finances, the business of medicine, life in medicine, and more. These resources are intended to take a deeper dive into specific topics referenced in our educational pages.
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How to Fill Out A W4 Form and When to Update Your Tax Withholdings
Step by step guide on how to fill out or update a W4 form to accurately withhold federal income taxes to prevent overpaying or owing money
Filing Your Tax Return: Tips and A Checklist
A checklist for things to do or check on before filing your tax return with the IRS to optimize deductions & reduce audit risk and penalties
How Federal Income Tax Brackets Work and Marginal Income Tax Rates in 2025
How federal income tax brackets work, marginal income tax rates in 2025 & 2024, & differences between marginal, flat, & effective tax rates
The Augusta Rule: A Tax Deduction For Renting Your Home to Your Business
How business owners can rent their personal home to their business without paying federal income tax, but still take a deduction for expense
Tax Deductions for Telemedicine Physicians
Tax deductions that physicians doing telemedicine as self employed or 1099 contractors can potentially take, such as equipment & licensing
Paying Back Sign On Bonuses When You Leave a Job - Taxes and More
What physicians who have to pay back all or a portion of their sign on bonus when leaving a job need to know about recovering taxes paid
2025 Updates to Federal Tax Brackets & Contribution Limits: What Physicians Should Know to Maximize Their Tax Strategy
Key IRS changes for 2025 including tax brackets, contribution limits to tax-advantaged retirement plans like 401ks, HSAs, 529s, and more.
Oil and Gas Investments: Tax Benefits and Risks
Opportunities to invest in oil and gas investments offer tax deductions for W2 physicians, but it’s important to know the pros, cons & risks
What Are the Tax Benefits of Investing in Real Estate?
Tax benefits of investing in real estate include 1031 exchanges, the QBI deduction, depreciation, expense deductions, REPS, & STR loophole
Tax Deductions for Locums Physicians Working as Self-Employed 1099 Independent Contractors
Common expenses that can qualify as deductions for 1099 locums physicians working as self-employed independent contractors to lower taxes
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