EP 125 Maximizing “Use It or Lose It” Tax Breaks for High Earners

The Mark Perlberg CPA Podcast

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22d ago 30:05

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We challenge the idea that lower is always better for taxes and show how “use it or lose it” deductions and credits vanish when income is either too high or too low. We map the sweet spots that unlock SALT, QBI, and child credits, and share moves to land there on purpose.
• standard vs itemized deductions and why timing matters
• SALT cap expansion and the $500k–$600k AGI phaseout
• AGI-reducing vs taxable-income-reducing strategies
• QBI rules, SSTB phaseouts, and the ~$395k MFJ target
• stacking SALT and QBI for outsized savings
• when adding income beats cutting it, including Roth conversions
• child tax credit thresholds and why MAGI control matters
• state nonconformity to bonus depreciation and planning implications
• practical levers: retirement deferrals, cost seg, oil and gas, expense timing
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Chapters

1. The “Use It or Lose It” Idea (00:00:00)

2. Finding the Taxable Income Sweet Spot (00:02:30)

3. Standard vs Itemized: Timing Matters (00:04:50)

4. New SALT Cap Math and Phaseouts (00:06:20)

5. Why AGI Reductions Beat Charitable Deductions Here (00:09:40)

6. Strategy Stack: Business, Rentals, Oil & Gas (00:11:20)

7. QBI Basics and SSTB Phaseouts (00:12:50)

8. Hitting ~$395k Taxable to Unlock QBI (00:15:30)

9. Stacking QBI with SALT for Big Wins (00:18:20)

10. When Income Is Too Low: Add Income Intentionally (00:20:30)

11. Roth Conversions to Use Deductions (00:22:30)

12. Child Tax Credit Mechanics and Phaseouts (00:24:00)

13. Targeting ~$400k MFJ: Credits + Deductions (00:26:10)

14. Practical Plays for $500k–$600k AGI (00:28:10)

15. State Nonconformity and Bonus Depreciation (00:30:00)

126 episodes

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