Here are the most commonly used physician tax breaks:
1. Contributing to charity: 70 percent
2. Contributing to pre-tax 401(k) account: 60 percent
3. Deducting interest on a home mortgage: 52 percent
4. Writing off eligible business expenses: 46 percent
5. Contributing to a 529 college savings plan: 27 percent
6. Selling investments at a loss: 22 percent
7. Contributing to a backdoor Roth IRA account: 20 percent
8. Owning rental properties: 17 percent
9. Contributing to a cash balance pension plan: 11 percent
At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.