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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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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
1031 Exchange: Tax Strategy and Estate Planning Tool for the Real Estate Investor
How doing a 1031 exchange by the rules at the time of sale of a real estate investment can allow you to defer paying capital gains taxes.
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
The Short Term Rental Tax Loophole: A Popular Tax Reduction Strategy Used by Real Estate Investors
How the short term rental tax loophole lets real estate investors use deductions to reduce taxable income, including full time W2 physicians
Defined Benefit Cash Balance Plans: Powerful Tax Strategy for Physician Practices and Entrepreneurs
Defined benefit cash balance plans offer large potential tax deductions & retirement contributions for doctors who understand how they work
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