Tax Planning

Save Big on Taxes: Energy Efficiency Tax Credit Explained

by

Energy efficiency tax credit is a government incentive under the Inflation Reduction Act of 2022, designed to encourage homeowners to invest in energy-efficient home improvements. This credit reduces the amount of income tax owed, effectively lowering the cost of making homes more environmentally friendly. It can be particularly beneficial for medical professionals who own homes … Read more

First-Time Home Buyer Tax Credit Explained In Simple Terms

by

Buying a home is complex. It’s even more challenging if, for example, you’re a physician who’s still trying to pay off student debt. Thankfully, various programs are available to help first-time buyers acquire their new homes. One of these is the first-time homebuyer tax credit. In this post, you’ll learn what exactly this is, how … Read more

The Value of Hiring a Tax Strategist for Medical Professionals

by

A tax strategist is a financial professional who specializes in minimizing tax burdens and maximizing wealth-building opportunities for their clients. Partnering with one can provide several financial benefits both in the short term and throughout your whole medical career. On that account, this article will explore the role of a tax strategist and the specific … Read more

The Qualified Dividends and Capital Gains Worksheet Explained

by

The Qualified Dividends and Capital Gains Worksheet is used by investment-savvy physicians to calculate gains on their investments when filing their taxes. It’s included in the Internal Revenue Service’s Instructions for Form 1040 (and 1040-SR) and in many tax filing and preparation software services. If you’re a physician who has opted to invest instead of paying … Read more

Tax Strategist Near Me: Top 7 Picks for Physicians

by

Being a doctor is no walk in the park, especially when you’re juggling complex income structures and hefty student loan debt and also trying to think about retirement down the road. That’s where the right tax strategist comes in! They can help you navigate these tricky tax waters, help you achieve fiscal wellness, and secure … Read more

Trust vs. Will: Making Informed Choices for Your Estate Planning

by
will vs trust

Estate planning is a critical aspect of financial preparedness, often overlooked until it’s too late. This process involves making decisions about how your assets will be managed, preserved, and distributed after your passing, ensuring the well-being of your loved ones and the fulfillment of your wishes. At the heart of estate planning is the comparison … Read more

Beginner’s Guide to Physician Tax Planning

by
coen-van-den-broek-hdyyvz3hj7w-unsplash-1-scaled-1

For new doctors, the transition from medical resident to attending physician often brings a nearly four-fold salary increase. This pay hike can come as a great relief for a young physician. However it also raises new questions about taxes, investments, and long-term savings. To plan for their increased tax burden, doctors should consult with a … Read more

Inflation Tax: What You Need to Know

by
Inflation-Tax

You don’t have to be an economist or have studied macroeconomics in college to know that inflation is a dirty word. With inflation comes the higher costs of products and services, while at the same time, the value of our money lessens.

From 1990 to 2018, the average inflation rate in the United States was 2.46% per year. In other words, items that cost $100 this year will cost $102.46 next year, and so on, and so on …

And with inflation comes the inflation tax, which can affect your long-term savings accounts and retirement plans. Fortunately, with some strategic investing and proper retirement planning, there are ways to reduce your inflation tax.

Ready to learn what the inflation tax is all about? Want to know how you can avoid it? Here’s everything physicians need to know about the inflation tax.

Read more

Collaborate with the experts at Physicians Thrive.

Contract Services

Work with a licensed attorney and an expert financial planner on a full financial and legal review.

Contract Review Services

Protect Yourself

Protect your finances with physician-focused disability, malpractice, and life insurance options.

Insurance Options

Manage Your Money

Spend your golden years stress-free when you plan properly for retirement.

Financial Management Services

Practice Management

Learn everything you need to start, build, and manage your practice.

Practice Management Services

Join our Newsletter

Get connected. Join Us.

Thrive with our newsletter. We’ll send you unbiased and professional insights from top physicians.

physicians-thrive-logo

Make More Money

Manage Your Money

Protect Your Money

Private Practice

Resources

About Us

All written content on this site is for information purposes only. Opinions expressed herein are solely those of Physicians Thrive Investment Advisors, LLC and our editorial staff. The information contained in this material has been derived from sources believed to be reliable, but is not guaranteed as to accuracy and completeness and does not purport to be a complete analysis of the materials discussed. All information and ideas should be discussed in detail with your individual adviser prior to implementation. Advisory services are offered by Physicians Thrive Investment Advisors, LLC a Registered Investment Advisor in the States of Nebraska, Arizona, California, Florida, Texas or where otherwise legally permitted.

The presence of this website shall in no way be construed or interpreted as a solicitation to sell or offer to sell advisory services to any residents of any State other than the State of Nebraska, Arizona, California, Florida, Texas or where otherwise legally permitted. All written content is for information purposes only. It is not intended to provide any tax or legal advice or provide the basis for any financial decisions.

Images and photographs are included for the sole purpose of visually enhancing the website. None of them are photographs of current or former Clients. They should not be construed as an endorsement or testimonial from any of the persons in the photograph.

Links to Other Sites

The inclusion of any link is not an endorsement of any products or services by Physicians Thrive Investment Advisors, LLC. All links have been provided only as a convenience. These include links to websites operated by other government agencies, nonprofit organizations and private businesses. When you use one of these links, you are no longer on this site and this Privacy Notice will not apply. When you link to another website, you are subject to the privacy of that new site.

When you follow a link to one of these sites neither Physicians Thrive Investment Advisors, LLC, nor any agency, officer, or employee of the Physicians Thrive Investment Advisors, LLC warrants the accuracy, reliability or timeliness of any information published by these external sites, nor endorses any content, viewpoints, products, or services linked from these systems, and cannot be held liable for any losses caused by reliance on the accuracy, reliability or timeliness of their information. Portions of such information may be incorrect or not current. Any person or entity that relies on any information obtained from these systems does so at her or his own risk.

2024© Physicians Thrive

2606 N Main Street, Suite 100, Elkhorn, NE 68022 | Phone: 877-744-9474 | Fax: 402-397-0384

Privacy Policy / Disclosures