High-Income Tax Planning: Keep More of What You Earn
In California, earning a high income is only half the battle. Keeping it is the other.
With a top state tax rate of 13.3%, high-earning professionals often find themselves losing nearly half of their hard-earned compensation to federal and state taxes. At Luxury Tax Advisory, we specialize in sophisticated tax reduction strategies designed specifically for executives, medical professionals, and high-net-worth individuals who need more than just standard deductions.
Solving the "High-Earner" Tax Trap
Most high-income earners rely on standard W-2 or K-1 income, which limits traditional tax-saving options and triggers "bracket creep." We look beyond the basics to implement advanced strategies that move the needle.
We help you solve the most common "Wealth Leaks":
The SALT Cap Expansion: Under the 2026 One Big Beautiful Bill (OBBBA), the SALT deduction cap has increased to $40,400. We help you maximize this alongside California’s PTE workaround to ensure not a single dollar of credit is left on the table.
The "Backdoor" Revolution: We strategize around Backdoor Roth IRAs and Mega-Backdoor conversions to build tax-free wealth, bypassing high-income phase-outs.
Equity & RSU Optimization: We help executives time the exercise of Stock Options and the vesting of RSUs to avoid "tax cliffs" and the Alternative Minimum Tax (AMT).
Specialized Services for Professionals
Medical & Legal Professional Planning
We understand the unique tax challenges faced by high-earning partners and practitioners, from specialized Defined Benefit Plans (which can allow $200k+ in pre-tax contributions) to complex asset protection.
Investment Tax Optimization
It’s not just about your salary. We analyze your portfolio for tax-loss harvesting opportunities and ensure your asset location strategy minimizes the drag of capital gains taxes.
Family Legacy & Estate Tax Freezing
With the 2026 federal estate exemption now at $15 million per individual, we help you "freeze" the value of your assets through trusts and gifting strategies, protecting your future heirs from a 40% tax hit.
The Luxury Tax Advisory Process
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High-Net-Worth Diagnostic: We perform a comprehensive review of your total compensation package, investment portfolio, and past 3 years of returns to identify "overpayment" leaks.
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Concierge Implementation: We work directly with your wealth managers and legal team to execute the plan, providing year-round oversight as tax laws evolve
The Strategic Roadmap: We build a bespoke 2026 tax plan that integrates income smoothing, charitable bunching through Donor-Advised Funds (DAF), and retirement maximization.
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Frequently Asked Questions
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If your household income exceeds $250,000, the complexity of phase-outs and AMT usually means a professional tax plan will pay for itself multiple times over in found savings.
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Absolutely. Equity compensation is one of our specialties. We help you plan for the "tax cliffs" associated with vesting schedules and help you decide when to exercise options to minimize the tax hit.
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While the best time to plan is before the year begins, significant moves can still be made mid-year. If you wait until December, many of the best "wealth protection" tools are no longer available.
Don't Let California Taxes Erase Your Success
Take control of your financial future with a plan designed for the top 1%. Join the elite group of professionals who treat tax planning as a strategic investment.