Are you a locum tenens doctor looking to maximize your earnings and minimize your tax burden? In this video, "Tax Hacks for Locum Tenens Doctors That Will Save You Money," we dive deep into the essential tax strategies specifically tailored for temporary physicians. Discover how to take advantage of unique deductions, understand the intricacies of your employment status, and learn about the best practices for record-keeping to ensure you keep more of your hard-earned money. We’ll also discuss the importance of tax planning throughout the year and share tips on how to navigate state taxes when working in multiple locations. Whether you're a seasoned locum or just starting out, these tax hacks can significantly impact your financial health. Don't forget to subscribe for more insightful tips and tricks to enhance your locum tenens experience! #TaxHacks #LocumTenens #TaxTips #DoctorsFinance #savemoney
00:00 Introduction to Tax Tips for Locum Tenens Professionals
00:28 Understanding the Unique Tax Challenges
01:02 Top 10 Tax Strategies Overview
01:09 Maximizing Retirement Contributions
01:58 Business Expense Deductions
02:36 Implementing an Accountable Plan
03:05 Deducting Health Insurance Premiums
03:31 Home Office Deduction
04:04 Mileage and Vehicle Expense Deductions
04:39 Establishing a Health Savings Account (HSA)
05:08 Incorporating Your Business
06:02 Planning for State Tax Liabilities
06:31 Tracking Professional Fees and Continuing Education
07:06 Conclusion and Additional Resources
How to Start and Operate Your Locums Practice:
https://thelocumcpa.com/free-ebook/
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