As a high-income W-2 earner, reducing your tax liability is crucial. A tax consultant can help you implement strategies like maximizing 401(k) and IRA contributions to lower taxable income. Other effective methods include tax-efficient investments such as municipal bonds and tax-loss harvesting, which can help minimize your investment taxes.

By optimizing charitable donations, utilizing employer benefits (like HSAs and FSAs), and exploring real estate investments, you can save even more. For long-term gains, consider strategies like Roth IRA conversions and backdoor Roth IRAs. Working with a tax consultant ensures you’re maximizing every opportunity to keep more of your earnings.

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