The 2025 IRS Updates That Will Save Medical Professionals $30,000

Top Tax Strategies and Key IRS Updates for 2025 | Save Thousands in Taxes!

Join CPA Stephen Lee on the Locum CPA podcast as he reveals crucial IRS updates and tax-saving strategies for 2025. This episode covers increased contribution limits for retirement accounts like 401k, 403b, 457b, and SEP IRA, as well as new limits for Health Savings Accounts (HSA) and changes to the standard deduction. Learn how to maximize your tax savings, potentially saving between $26,000 and $30,000, and stay ahead with smart financial planning for the upcoming year. Ideal for locum medical professionals aiming to achieve their financial goals faster.

00:00 Introduction to Tax Savings for 2025
00:25 Welcome to the Locum CPA Podcast
00:38 Key IRS Updates for 2025
00:45 Maximizing Retirement Contributions
03:26 SEP IRA Contribution Limits
04:22 Health Savings Accounts (HSA) Updates
05:29 Standard Deduction and Gift Tax Exclusion
07:08 Conclusion and Final Tips

🔔 Subscribe for more tips and strategies tailored for healthcare professionals!

The Locum CPA is hosted by Stephen Lee, a Certified Public Accountant and Certified Private Wealth Advisor®. On this channel, you will find strategic business advice related to locum tenens professionals. Topics to be covered will include how to set up and operate your locum tenens practice to maximize tax deductions, tax savings, pay quarterly estimated taxes and bring overall peace of mind when operating a locums practice.

The information provided on this channel is for general information and entertainment purposes only. It is not intended to serve as legal, financial, or tax advice. You should not act or refrain from acting on the basis of any content included on this channel without seeking appropriate legal, tax, or other professional advice specific to your individual circumstances. The use or reliance on any information contained on this channel is solely at your own risk.