The report surveyed more than 1,500 physicians on their taxes and how they feel about them.
Here are the tax breaks physicians use the most often:
- Contributing to a pre-tax 401(k) account: 60 percent
- Contributing to charity: 54 percent
- Paying interest on a home mortgage: 46 percent
- Writing off eligible business expenses: 39 percent
- Contributing to a 529 college savings plan: 25 percent
- Contributing to a backdoor Roth IRA account: 21 percent
- Selling investments at a loss: 13 percent
- Owning rental properties: 12 percent
- 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.
