400k bonus - tax mitigation

[Nathan M kiefer]

If you were to receive a 400k bonus from a w-2 employer what is the best way to legally avoid as much tax as possible?

[Bill Hampton]

@Nathan M kiefer

I recommend that you get professional financial/tax advice. The best strategies will be tailored to your specific situation. 

Here are a few options: max out 401k contributions for you and your spouse, max out HSA contributions, make charitable donations, harvest tax losses, etc.

I recommend finding a tax strategist who specializes in real estate taxation, financial planning and tax planning.

You may want to consider working with your accountant remotely to expand your options.

I would also recommend looking for a accountant willing to work with you throughout the year. You want an accountant who can help you strategize and who is responsive when you want to know the consequences of the financial decisions you are making throughout the year.

Good luck.