Top Tax Tips for Locum Professionals: Maximize Deductions & Plan for 2025

In this episode of the Locum CPA Podcast, Stephen Lee, a CPA based in Chicago, Illinois, provides a comprehensive year-end checklist for locum medical professionals. Key topics include reviewing your 2024 earnings, maximizing tax deductions, optimizing retirement contributions, making estimated tax payments, and planning ahead for a financially successful 2025. Get actionable tips to save thousands of dollars and set yourself up for long-term financial success. Don't miss out on this essential guide for locum tenens practitioners!

00:00 Introduction to Tax Planning for Locum Professionals

00:59 Reviewing Your 2024 Earnings

02:13 Maximizing Your Tax Deductions

03:55 Maxing Out Retirement Contributions

05:33 Handling Estimated Tax Payments

06:37 Planning Ahead for 2025

08:23 Conclusion and Final Tips

How to Start and Operate Your Locums Practice: https://thelocumcpa.com/free-ebook/

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The Locum CPA is hosted by Stephen Lee, a Certified Public Accountant and Certified Private Wealth Advisor®. On this channel, you will find strategic business advice related to locum tenens professionals. Topics to be covered will include how to set up and operate your locum tenens practice to maximize tax deductions, tax savings, pay quarterly estimated taxes and bring overall peace of mind when operating a locums practice.

The information provided on this channel is for general information and entertainment purposes only. It is not intended to serve as legal, financial, or tax advice. You should not act or refrain from acting on the basis of any content included on this channel without seeking appropriate legal, tax, or other professional advice specific to your individual circumstances. The use or reliance on any information contained on this channel is solely at your own risk.