#147 What End-of-Year Tax Breaks Should Physicians Utilize?

The holiday season brings many fun traditions, like going to see the lights, opening Advent calendars, baking, or shopping for the perfect gift. Since the holidays also signal the end of the year, it can be a time to think about taxes, too. Nate Reineke and Chelsea Jones break down some of the tax breaks doctors like you can try to catch at the last second, like maxing out contributions. We also look at some tax breaks that take a bit more planning, like charitable donations, that you could plan for in 2026. We also answer your colleagues' questions. An Anesthesiologist in Iowa says, “I want to help my son with a home purchase - what is the best way for me to do this?” An Oncologist in Colorado asks, “Do you think a really early retirement is worth pursuing?” A Family Medicine Doc in Texas says, “I’ve heard about this opportunity from a few colleagues to buy into this cash flow business (storage units). The projected return seems really appealing (20-30% over 3 years). What do you think?” Merry Christmas and Happy Holidays! Are you ready to turn worries about taxes and investing into all the money you need for college and retirement? It’s time to make a plan and get on track. To find out if we’re a match visit physicianfamily.com and click get started or, you can ask a question of your own by emailing [e-mail]. See marketing disclosures at physicianfamily.com/disclosures