11332 Trillium Way, San Diego, California 92131, United States
(858) 800-7996 | Serving California since 1997
(858) 800-7996 | Serving California since 1997
We like to think that the tax code is a place to find coupons for reducing your income tax. So we are constantly reading, learning and applying current coupons to our client's income in order to reduce their tax to the fullest extent allowed by law.
Often referred to as triple tax free (tax deductible, tax deferred growth, and withdrawals for medical expenses are tax free.) Our vote for the Best Retirement Plan (disguised as a health plan)
No earnings limits on who can contribute (unlike IRAs, ROTH - IRAs) (Can add $1,000 if over age 54)
Non taxable income if not itemizing
and Married individuals filing separate tax returns and dependents
And surviving spouses
Contributions allowed to reduce taxable income
Plus $1,000 if over age 49
Plus $3,500 if over age 49
Plus $7,500 if over age 49; (Note - in 2025 this limit rises to $11,250 for ages 60 to 63)
$76,500 if over age 49
Reduced income tax rates applied
NOTE: Short term capital gains (1 year or less) are taxed at ordinary rates up to 37%)
NOTE: Any amount of unrecaptured &1250 gain is taxed at 25% (gains on real property attributable to straight-line depreciation)
NOTE: Any amount of collectibles are taxed at 28%
- must be under 17 year-olds to qualify (in addition to other requirements)
$1,700 is the refundable portion per qualifying child
Reduces credit by $50 for every $1,000 income over limit