Archive: physician

Lowering Tax Liability for Medical Professionals

Many medical professionals earn salaries that push them into higher tax brackets and are unable to take advantage of certain deductions and credits available to low-income taxpayers. Whether you are an employee or self-employed there are still viable options for lowering your tax liability. Below are a few of the deductions, credits, and strategies that […]
March 12, 2018

Maryland Offers Physician Tax Credit

Maryland is launching a new program aimed at bringing physicians to underserved areas of the state. As of June 1, 2016, Maryland physicians can earn a credit reducing state income tax from $1,000 up to $10,000 by serving as a preceptor to medical students in areas with health care workforce shortages. According to the American Association […]
July 11, 2016