efiletaxHigh income = high tax? Not anymore.
Here are 10 sharp, legal strategies Indian professionals in the 30% bracket can use to save lakhs.
👇Table simplifies what works 👇
Compound ProsperityWarning: Annual leave payouts may significantly increase your taxable income.
Consider tax planning strategies before receiving yours: https://wix.to/umIAABU #TaxPlanning #FederalRIF
Consider tax planning strategies before receiving yours: https://wix.to/umIAABU #TaxPlanning #FederalRIF
Reduction in Force (RIF): Comprehensive FAQ for Federal Employees
Table of Contents1. FAQ Summary 2. RIF Basics 3. Severance Pay 4. Health Insurance (FEHB) 5. Life Insurance (FEGLI) 6. Retirement Benefits 7. Priority Hiring Programs 8. Leave Balances 9. TSP Account Options 10. Tax Consequences 11. Support Resources 12. Unemployment Benefits 13. Action Plan Timeline 14. Table of Key RIF Elements 15. Next StepsSummaryThis FAQ addresses the financial implications of a federal Reduction in Force (RIF), covering: • Severance pay calculation and eligibility • Health
🚫 Gifting to your spouse doesn’t reduce your tax liability.
Under Section 64(1)(iv), any income earned from assets transferred to a spouse without consideration is clubbed back to you.
✅ Rental income
✅ Interest
✅ Capital gains
✅ Dividends
Even if they invest it smartly, it’s still your taxable income.
Old vs New Tax Regime: Which saves you more on ₹36L income?
Check this comparison for FY 2024-25!
No surcharge applies as taxable income is below ₹50L.
Which regime are you choosing? ⬇️
Did you know you can contribute up to $23,000 to your TSP in 2025?
Even more in combat zones!
Maximize tax advantages with these strategies: https://wix.to/mQrQOT8 #TaxPlanning #MilitarySavings
Even more in combat zones!
Maximize tax advantages with these strategies: https://wix.to/mQrQOT8 #TaxPlanning #MilitarySavings
The Military Blended Retirement System (BRS): The Ultimate Guide
The transition to the current Military Blended Retirement System (BRS) was one of the most significant changes to military retirement in decades. It modernizes the legacy pension system, also known as the High-3 system, while introducing new elements designed to benefit service members of all career lengths. Understanding how BRS works is crucial for making informed financial decisions that maximize your retirement benefits.Table of Contents: • Introduction: What is the Military Blended Retireme
Unemployment benefits are fully taxable federally, though state taxation varies.
You can elect to have taxes withheld to avoid a surprise tax bill: https://wix.to/umIAABU #TaxPlanning
You can elect to have taxes withheld to avoid a surprise tax bill: https://wix.to/umIAABU #TaxPlanning
Reduction in Force (RIF): Comprehensive FAQ for Federal Employees
Table of Contents1. FAQ Summary 2. RIF Basics 3. Severance Pay 4. Health Insurance (FEHB) 5. Life Insurance (FEGLI) 6. Retirement Benefits 7. Priority Hiring Programs 8. Leave Balances 9. TSP Account Options 10. Tax Consequences 11. Support Resources 12. Unemployment Benefits 13. Action Plan Timeline 14. Table of Key RIF Elements 15. Next StepsSummaryThis FAQ addresses the financial implications of a federal Reduction in Force (RIF), covering: • Severance pay calculation and eligibility • Health
Better LedgerLast-minute tax planning? 💸📊
Don't wait till it's too late! Strategize now for a smoother tax season ahead.
👉 Apply Deductions Early
👉 Time your Income Smartly
👉 IRS Audit Assistance
👉 Maximise RRSP Contributions
#TaxTips #YearEndPrep #TaxPlanning #FinancialFreedom #SmartFinance #TaxSeason #YearEndPlanning #TaxSavvy #TaxStrategy #FinancialFreedom #PlanAhead #TaxSeasonReady
Simon MisiewiczShould You Hold Buy-to-Let Properties Personally or via a Company? 🏡💼
✅ Personal Ownership: Simpler setup, no extra admin, but higher tax on rental income & capital gains.
✅ Company Ownership: Lower tax rates, mortgage options, better estate planning, but higher costs & admin.
✅ Best Choice? Depends on your tax position & long-term goals!
#BuyToLet #PropertyInvestment #TaxPlanning #WealthManagement
📖 Free UK Property Tax eBook: https://zurl.co/oZhci
Avoiding Double Taxation Between the UK & Spain 🇬🇧🇪🇸
Worried about being taxed twice on your income? Here’s how UK-Spain tax treaties can help:
✅ Claim tax relief through the UK-Spain Double Taxation Agreement
✅ Use the remittance basis if you're non-domiciled
✅ Time your residency to minimise tax exposure
#Expats #TaxPlanning #UKSpainTax #WealthManagement #FinancialFreedom
📖 Free Expat Tax Planning eBook: https://zurl.co/6EKn4
Moving to Spain? Avoid a Tax Nightmare 🇪🇸📉
✅ US citizens abroad still pay US tax
✅ Spain taxes global income once tax resident from Jan to `Dec
✅ IRS + Spanish tax = double trouble without planning
Plan smart before the move!
#ExpatTax #USTaxAbroad #MovingToSpain #TaxPlanning #WealthProtection #InternationalLiving
Free Expat Tax Planning eBook: https://zurl.co/dIxmZ
Free UK Property Tax eBook: https://zurl.co/x9HcY