Taxes for Doctors
Income mix: W-2 hospital employment, partnership K-1s, or S-corp physician practices.
Common deduction themes
- Malpractice insurance (if self-employed)
- CME and licensing when ordinary/necessary for self-employed
- Retirement: cash balance / solo 401(k) for practice owners
Physician income often crosses Additional Medicare and NIIT thresholds. Practice owners should stress-test reasonable salary vs distributions for S-corps and keep estimated payments on calendar.