Priya Raman

MediumDraftingProspect

Schedule CSingleGAMeera KapoorAnnualReturn missing

Est. current income

$152,000

vs $138,000 prior year

Effective rate

21.7%

Marginal bracket

24%

Dec 31 hard stops

Priya Raman

2026 Year-End Planning Summary

Dec 31 stops

~$34,280+ of federal tax addressed across 10 opportunities.

Est. income

$152,000

vs $138,000

Effective rate

21.7%

Marginal

24%

Key changes

flagged

What the plan contributes

Each move as a range, stepping down from the current-path liability.

$32,984

Current path

Fund a SEP-IRA or solo 401(k) in a peak-income year
$11,553
Section 179 / 100% bonus depreciation on asset purchases
$8,000–$17,400
Standard vs. itemized deduction optimization and multi-year bunching
$2,000–$30,000
S-corporation election to reduce self-employment tax
$13,311
Max-fund the HSA for the triple tax benefit
$1,056
Home-office deduction for the self-employed
$360
Filing-status planning — MFJ vs. MFS, HOH qualification, newlywed withholding
$1,500–$12,000
Medical expense bunching and the OBBBA gambling-loss limitation (§165(d))
$1,000–$6,000
Crowdfunding and creator-economy proceeds — characterizing rewards, gifts, debt, equity, and barter income
enables the above
First-employee setup — payroll, withholding, and credits
enables the above

Addressed by the plan

8 of 10 quantified · 2 enable the rest without a separate figure

$38,780–$91,680

leaves $0–$0

1. Current-Year Action Items

Time-sensitive moves before December 31.

2. Long-Term Opportunities

Multi-year planning to revisit beyond this season.

Elan

Grounded on Priya Raman

I flagged 1 thing for Priya Raman.

Elan brought this to you

Priya Raman

Priya Raman

What the plan contributes

1. Current-Year Action Items

Fund a SEP-IRA or solo 401(k) in a peak-income year

Section 179 / 100% bonus depreciation on asset purchases

Standard vs. itemized deduction optimization and multi-year bunching

Filing-status planning — MFJ vs. MFS, HOH qualification, newlywed withholding

Medical expense bunching and the OBBBA gambling-loss limitation (§165(d))

S-corporation election to reduce self-employment tax

Max-fund the HSA for the triple tax benefit

Home-office deduction for the self-employed

First-employee setup — payroll, withholding, and credits

Crowdfunding and creator-economy proceeds — characterizing rewards, gifts, debt, equity, and barter income

2. Long-Term Opportunities

Priya Raman

Priya Raman

What the plan contributes

1. Current-Year Action Items

Fund a SEP-IRA or solo 401(k) in a peak-income year

Section 179 / 100% bonus depreciation on asset purchases

Standard vs. itemized deduction optimization and multi-year bunching

Filing-status planning — MFJ vs. MFS, HOH qualification, newlywed withholding

Medical expense bunching and the OBBBA gambling-loss limitation (§165(d))

S-corporation election to reduce self-employment tax

Max-fund the HSA for the triple tax benefit

Home-office deduction for the self-employed

First-employee setup — payroll, withholding, and credits

Crowdfunding and creator-economy proceeds — characterizing rewards, gifts, debt, equity, and barter income

2. Long-Term Opportunities