The One Big Beautiful Bill Act (OBBBA) increases the limit to SALT deduction to $40k for the 2025 through 2029 tax years, which phases out between an adjusted gross income of $500k to $600k. For the 2025 through 2029 tax years, consider re-evaluating whether it makes more sense to take the standard deduction vs. itemizing deductions if you pay > $10k in state and local income taxes and your AGI is < $500k.
Read more →A critical skill physicians must learn is to know and negotiate their own value. But I have a seemingly contradictory personal confession to make: one day, I want to do the exact opposite. I hope someday to intentionally make LESS than what I’m worth.
Read more →When graduating residents and fellows begin their careers as attending doctors, there is a wealth of financial advice out there. Today, we won’t discuss any of those. We’ll focus instead on a business lesson that you must unlearn when you graduate from residency: How to be a good soldier.
Read more →Macroeconomics has a huge impact on physician financial wellness. Today, we’ll learn about the Federal Reserve from a high-yield and apolitical perspective that doctors need to know.
Read more →Macroeconomics has a huge impact on physician financial wellness, and unfortunately, it’s almost impossible to find sources of economic news that don’t have a political agenda. Today, we’ll learn about tariffs from a high-yield and apolitical perspective that doctors need to know.
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