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 23rd Annual Spine, Orthopedic and Pain Management-Driven ASC + The Future of Spine Conference, taking place June 11-13 in Chicago, spine surgeons, orthopedic leaders and ASC executives will come together to explore minimally invasive techniques, ASC growth strategies and innovations shaping the future of outpatient spine care. Apply for complimentary registration now.
