Navigating Quarterly Estimated Tax Payments and Safe Harbor Rules

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The chapter delves into the complexities of calculating quarterly estimated tax payments and navigating safe harbor rules. Discussions include understanding self-employment tax versus FICA taxes, filling out a W-9 for tax implications on travel reimbursements, tax loss harvesting strategies, and the decision-making process on opening a Solo 401k for a side gig. Emphasizing the importance of not letting tax considerations override investment decisions, the speakers also address the challenge of managing tax-efficient investments that outgrow tax-protected accounts.

Today we are answering your questions from the speak pipe. We discuss quarterly estimated payments and the safe harbor rule. We cover tax loss harvesting and not letting the tax tail wag the investment dog and if you should ever change your asset allocation for potential tax savings. We talk about travel expenses and tax implications that come with that, reducing adjusted gross income and what to do when you do not couple match into residency. Those questions and more in this episode!

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The White Coat Investor has been helping doctors with their money since 2011. Our free financial planning resource covers a variety of topics from doctor mortgage loans and refinancing medical school loans to physician disability insurance and malpractice insurance. Learn about loan refinancing or consolidation, explore new investment strategies, and discover loan programs specifically aimed at helping doctors. If you're a high-income professional and ready to get a "fair shake" on Wall Street, The White Coat Investor is for you!

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