Tax Saving Strategies

[Rebecca Graziano]

Hi investors,

My husband and I are high income W2 earners and invest on the side in rentals and notes.

We got hit hard in tax liability, even with tax law changes. Any recommendations? If there’s other W2 folks out there, I’d love to hear your thoughts!

Thanks!

[Jake Hottenrott]

@Rebecca Graziano, Welcome to BP!

You may want to reach out to a few of the tax strategist/CPAs/EAs on here to see about doing a consult and review of your personal situation.  

There are always a few ways to make sure that you are maximizing your deductions and minimizing your tax liability.  Some of those strategies may be limited being as though you are high W-2 wage earners, but it would definitely be worth it to get a professional look at your finances and tax situation.

Congrats on the investments and success!