ILLMAS Posted February 25, 2021 Report Posted February 25, 2021 I feel embarrassed asking this question, but has someone saved/reduce (tax liability) their W-2 clients? Quote
ILLMAS Posted February 26, 2021 Author Report Posted February 26, 2021 I should add, when they don’t itemize, cannot take rental loses etc... Quote
Lion EA Posted February 26, 2021 Report Posted February 26, 2021 Do taxpayer or spouse have a side gig? Not a lot you can do for a W-2 person after the year ends. If low enough for an deductible IRA, or can still add to their HSA, or the tiny $300 charitable. You can help them plan for 2021. Max out 401(k). Bunch deductions so they can itemize every other year. 1 Quote
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