How can high earners reduce taxes?
Top strategies: max 401(k) ($23,500), backdoor Roth IRA, mega backdoor Roth (up to $46,000 in some 401k plans), HSA ($4,300/$8,550), tax-loss harvesting in taxable accounts, charitable donations via donor-advised fund, rental property depreciation, and 529 plans with state tax deductions.
More context
Top strategies: max 401(k) ($23,500), backdoor Roth IRA, mega backdoor Roth (up to $46,000 in some 401k plans), HSA ($4,300/$8,550), tax-loss harvesting in taxable accounts, charitable donations via donor-advised fund, rental property depreciation, and 529 plans with state tax deductions. The exact answer depends on your specific situation — the numbers above are a strong starting point, but the right next step is to plug in your actual figures.
For a deeper analysis, use one of the related tools below — they take your specific income, debt, location, and goals as inputs and produce a tailored answer.