Tax Optimization Center
Six calculators and two scored assessments for paying less tax legally, grouped by situation: W-2 employment, self-employment, and retirement withdrawals.
W-2 employees
Most salaried employees overpay by leaving pre-tax benefit elections unused and by carrying the wrong W-4 withholding.
Self-employed and contractors
Self-employment tax, quarterly estimates, the QBI deduction and retirement contributions each change your effective rate.
Retirement tax planning
Converting traditional accounts, timing capital gains, and planning for RMDs before they start can each save tens of thousands.
Tax rules most people miss
Five points that come up in almost every checkup.
| Applies to | The rule |
|---|---|
| W-2 | Contribute to your 401(k) at least up to the employer match. The match is an immediate 50% to 100% return on those dollars. |
| W-2 | HSA contributions are deductible, grow tax-free, and come out tax-free when spent on medical expenses. |
| Investing | Long-term capital gains, on assets held over 12 months, are taxed at 0%, 15% or 20%. Short-term gains are taxed as ordinary income, up to 37%. |
| Self-employed | Self-employed people can deduct 100% of health insurance premiums as an adjustment to income, without itemizing. |
| Retirement | A Roth conversion in a low-income year, such as early retirement, a sabbatical or a job change, can lower your lifetime tax bill. |
How much tax are you leaving on the table?
The Tax Health Score estimates your total missed savings across 10 areas. Ten questions, under 4 minutes.
Educational disclaimer. Everything on WealthSerene.com is educational and is not investment advice. Projections and calculations are illustrative; actual results depend on market conditions, your situation and factors outside this tool’s scope. For a decision specific to your situation, consult a qualified financial professional. For tax advice, consult a CPA or Enrolled Agent. View full disclosures