Tax Strategies for High-Net-Worth Individuals in 2025
The 2025 tax year demands heightened vigilance, particularly for high-net-worth individuals and investors. Strategic application of deductions and credits—ranging from retirement savings to capital gains—can yield outsized savings. Deductions reduce taxable income, while credits slash liabilities dollar-for-dollar. The latter, especially refundable credits, offer superior value.
Wealth preservation now hinges on understanding statutory adjustments. A $1,000 deduction saves $240 for those in the 24% bracket, whereas a $2,000 credit cuts a $10,000 liability to $8,000 immediately. Sophisticated planning transcends compliance—it’s financial artillery.