Saving Money on Taxes After a Low Income Year

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123RF.com/Andriy Popov

**Editor’s Note: The content within this post is available for informational purposes only. It is not intended to substitute for obtaining tax or financial advice from a professional accountant.**

 

Once I completed residency and received board certification, it didn’t occur to me that I would ever have my income drop, or lose a job, or worry about covering my expenses (work or family) or wonder when I would next receive a paycheck.  How absurd – a physician plan for a drop in income? Why? I was very fortunate that the pandemic did not affect my income. For

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