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Still Time for Tax Savings with Tax Deduction Planning!
- Davis Oliver
- Jun 2, 2025
- 3 min read
In this week’s Taxes Saved Reviews, I share a powerful, real-life case study that shows how impactful the right tax strategy can be. This example comes from one of our clients, a 64-year-old retired dentist from Colorado. He and his wife wanted to reduce their tax exposure, plan ahead for Required Minimum Distributions (RMDs) and avoid costly Medicare premium surcharges (IRMAA). Their result is one of the most impressive tax savings outcomes we’ve seen this year!
Our client had $724,000 in total income last year, including a $518,000 Roth conversion. On paper, that should have created a major tax bill, roughly $214,000 in combined federal and state tax liability (they are Colorado residents). Instead of paying those taxes outright, we helped them turn the tables on the IRS by teaching them how to use one of the most effective parts of the One Big Beautiful Bill Act (OBBBA); a 100% bonus depreciation under Section 168(k), combined with Section 179 deductions.
We guided them to start a simple business. Making a capital outlay of $107,000 generated a $535,000 deduction in the first year! That deduction appeared directly on line eight of their federal tax return. This single move brought their taxable income way down so that it was perfectly aligned to reduce their exposure to IRMAA. This reduced their overall tax liability to less than $24,000.
That’s $190,000 in tax savings with a 178% return on tax alone! This doesn’t even include the future income from the business he started.
This plan worked because it attacked the biggest pain points that many retirees face:
RMD Taxes: The Roth conversion got their future required minimum distributions (RMDs) under control.
IRMAA Surcharges: The deduction reduced taxable income low enough to avoid the higher Medicare premiums.
Social Security Taxation: By strategically lowering their adjusted gross income, they avoided the 85% Social Security tax trap.
Generational Wealth: Their children won’t inherit a heavily taxed IRA – they’ll inherit tax-free wealth.
This type of strategic planning turns taxes from a liability into an asset. It’s the difference between handing your money to the IRS or reinvesting it in your future. These clients didn’t just save money, they moved up his retirement timeline, protected their Social Security and created a lasting, tax-free legacy.
There’s still time in 2025 to implement the right plan, but the window is closing fast. Strategies like Section 179 and 100% bonus depreciation are still active, but these benefits are temporary. Every week, we meet people who tell us they wish they had acted sooner. Don’t let that be you. You can’t buy back time – and time is what saves taxes.
If you’re planning a Roth conversion, trying to lower your taxable income or if you’re simply tired of paying more than your fair share, now is the time to act! Whether you’re retired, self-employed or still earning high W-2 income, these same deductions are available to you. But to take advantage of them, you must plan before the year ends.
Steps to Request Your Saving Tax Optimization Plan (S.T.O.P.) Analysis:
Visit TaxesSaved.com – Watch the insightful case study webinar that shares two impactful client case studies that show how to save thousands of dollars in taxes.
Request your S.T.O.P. Analysis – Saving Tax Optimization Plan tailored to your unique situation.
Select a Date and Time – Be specific! Choose a time so we can prepare for your tax-saving opportunities.
Show Up and Learn Your Tax Risk – We’ll walk you step-by-step through exactly what to do to reduce retirement taxes and keep more of your income.
Time is the one thing you can’t buy back. Every day you wait, the IRS wins. Take control, protect your retirement and keep more of what’s yours.
Go to TaxesSaved.com, watch the free on-demand webinar and request your Saving Tax Optimization Plan (S.T.O.P.) Analysis today!
You’ve worked hard for your money, don’t let the IRS take more than its fair share. The sooner you act, the more you save and the better you protect your income, your retirement and your family’s future.
Note: We serve retired, self-employed or high W-2 earners all over the Unites States. We have an efficient, supported process to meet online, as we have been doing for over 20 years. Our online meetings are private, the access is restricted and we never share our meeting link with anyone who’s not a part of the meeting.
Davis Oliver | Tax Strategist
Keep more, live more, leave more!