EP 141- The Tax Strategies I'd use If I Made $1M W-2 Income

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Listen as I lay out the exact step by step plan I would follow if I earned $1M to $2M in W-2 income and wanted to stop overpaying by six figures. I explain how to pick strategies that fit your goals, stack them intelligently, and turn tax savings into long-term wealth instead of a one-time refund.

• clarifying goals, liquidity, and time budget before choosing any tax strategy 
• matching tax planning “DNA” to risk tolerance, time, and desired outcomes 
• using real estate strategies like short-term rentals and real estate professional status to create depreciation losses 
• evaluating solar tax credits, oil and gas deductions, and advanced charitable strategies for additional offsets 
• stacking strategies while respecting limits like the excess business loss cap 
• targeting tax “sweet spots” instead of forcing taxable income to zero 
• adjusting W-2 withholdings to access savings sooner and reinvest faster 
• layering future moves like fringe benefits, retirement accounts, and long-term planning 
• keeping the plan updated as tax law and life circumstances change, plus not neglecting estate planning

Are you interested to see how these concepts may apply to you and your wealth building/tax reduction strategy? To learn more, go to https://www.prosperlcpa.com/apply