2025 Tax Tips for Northern VA Doctors & Dentists
Physicians and dentists in Northern Virginia face unique tax challenges—high incomes, expensive equipment, and complex practice structures. Without proactive planning, you could be overpaying by thousands every year.
Here’s how we help medical professionals optimize their tax positions in 2025:
1. Leverage Section 179 and Bonus Depreciation for Equipment
Whether upgrading dental chairs or purchasing advanced diagnostic machines, most equipment can be written off in the year of purchase—resulting in immediate tax relief.
2. Consider the Section 199A Deduction
Depending on your taxable income and practice structure, you may qualify for a 20% deduction on qualified business income. Strategic timing of income and expenses can help you stay under key thresholds.
3. Real Estate Ownership Benefits
Owning your clinic’s building can open opportunities for cost segregation studies, which accelerate depreciation and create substantial deductions.
4. Retirement Planning for High Earners
Defined benefit and cash balance plans are especially attractive for high-income medical professionals looking to reduce taxes while saving aggressively for retirement.
Partner with Shahbaz & Associates CPAs
Between patient care and practice administration, it’s easy to miss valuable deductions and credits. At Shahbaz & Associates CPAs, we:
- Tailor tax planning specifically for medical practices
- Help Northern Virginia doctors and dentists capture deductions and credits they often overlook
- Provide proactive, year-round guidance so you can focus on patient care
Ready to keep more of your hard-earned income? Schedule your free consultation today.