Personal Income Tax Help
for High Earners

Tax planning matters. Smart decisions early in the year can save thousands by April. We help high-income individuals and families across the Austin metro (Austin, Taylor, Hutto, Pflugerville, Round Rock, Georgetown) keep more of what they earn through smart deductions, tax credits, and strategic planning.

What We Optimize

Every deduction matters. These are the ones we focus on for our business clients. Each one reduces what you owe.

Deduction Strategy (standard vs. itemized)

We run both options and point you toward the one that keeps more in your pocket.

Tax Credits You May Be Leaving on the Table

Dependent care, education, and earned income credits that often go unclaimed.

Investment and Capital Gains Planning

Smart timing on dividends, gains, losses, and tax-loss harvesting.

Alternative Minimum Tax (AMT) Protection

High earners frequently trigger AMT. We structure your return to soften the hit.

Retirement Contribution Moves

Get the most out of your 401(k), IRA, and Roth conversion opportunities.

Charitable Giving That Works Harder

Donation bunching, appreciated assets, and donor-advised funds.

Personal Income Tax Help FAQs

Pricing depends on complexity, investments, and deductions:

  • Basic Individual Returns: starting at $990
  • Simple W-2 income, standard deduction, few dependents
  • Complex Individual Returns: $1,145 – $3,000+

Includes: Rental properties, K-1s, multiple stock accounts, significant stock transactions, complex tax strategy, self-employment income, or high-income phase-outs

We also offer discounts for simple returns with low income or minimal complexity.

We calculate both for you. Standard deduction 2024: $14,600 (single) or $29,200 (married). If itemized (mortgage interest, property taxes, charitable) exceeds these amounts, itemize. Otherwise, take standard.

A deduction reduces taxable income. A credit reduces tax bill dollar-for-dollar. Credits are more valuable. Example: $1,000 deduction saves ~$220; $1,000 credit saves $1,000.

Yes, if you provide more than half their support. Each dependent = $2,000 child/dependent tax credit plus reduced taxable income. Income limits apply for high earners.

American Opportunity Credit (up to $2,500/student) and Lifetime Learning Credit (up to $2,000). Income limits apply. Student loan interest deduction also available (up to $2,500).

Investment losses offset capital gains (dollar-for-dollar). Excess losses deduct up to $3,000 against other income. Remaining losses carry forward indefinitely.

AMT is a secondary tax for high-income earners. It disallows certain deductions and uses different rates. If you earn over $200k, check if AMT applies. Strategic planning can minimize.

Yes. 401k limit: $23,500 (2024). Traditional IRA limit: $7,000. Roth IRA has income limits ($161k phase-out for married). We optimize based on your income and timeline.

File Schedule C for self-employment income and W-2 for W-2 income. Self-employment tax applies to Schedule C income. Both types are taxable, but deductions differ.

Use IRS W-4 form. Consider filing status, dependents, other income. Goal: owe little at tax time, or get small refund. Don’t let IRS hold your money interest-free.

IRS matches reported income to their records. Unreported income triggers audits, penalties, and interest. File honestly. We help identify legitimate deductions to reduce your bill legally.

Standard or Itemized?

Standard deduction: $14,600 (single) / $29,200 (married). If itemized deductions (mortgage interest, property taxes, charitable) exceed these, itemize. Otherwise, take standard. We calculate both.