Tax Strategies for High-Income Professionals

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Today’s discussion of tax strategies for high-income professionals demands an important disclaimer: Do not let the tax tail wag the dog.

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In other words, the fact that some action or “investment” can lower your taxes doesn’t mean you should do it. Some of the strategies suggested by today’s guest author are among my favorites.

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Before reading the following discussion that includes some complex strategies, be sure you’ve got the basics of tax-reduction down by reading my Top 10+ Ways to Lower Your Taxes.

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Tax Strategies for High-Income Professionals

One way to receive Investment Tax Credits is by participating in green energy projects, such as solar energy projects.

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High income earners can fund solar panels for the non-profit (or other business), and in return receive ITC, a depreciation bonus, as well as residual passive income from the sale of electricity over dozens of years. This is a huge win-win for the investor, the beneficiary of the electricity, and the environment.

An accredited investor is an individual who either owns assets valued at over a million dollars , or has earned $300,ooo a year.

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One of these strategies is syndicated conservation easement – though this strategy has its pros and cons and those interested should consult a qualified and experienced tax strategist.

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Tax Strategies for High-Income Professionals

Today’s discussion of tax strategies for high-income professionals demands an important disclaimer: Do not let the tax tail wag the dog.

In other words, the fact that some action or “investment” can lower your taxes doesn’t mean you should do it. Some of the strategies suggested by today’s guest author are among my favorites.

Before reading the following discussion that includes some complex strategies, be sure you’ve got the basics of tax-reduction down by reading my Top 10+ Ways to Lower Your Taxes.

Tax Strategies for High-Income Professionals

One way to receive Investment Tax Credits is by participating in green energy projects, such as solar energy projects.

Qualify for Investment Tax Credits

An accredited investor is an individual who either owns assets valued at over a million dollars , or has earned $300,ooo a year.

Tax Strategies for Accredited Investors

One of these strategies is syndicated conservation easement – though this strategy has its pros and cons and those interested should consult a qualified and experienced tax strategist.

SWIPE UP NOW TO READ MORE

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