Pre-tax $5K/yr for childcare — saves $1,500–$2,000/yr on daycare, camps, after-school programs.
Dependent Care FSA lets you set aside $5,000/yr ($2,500 MFS) pre-tax for eligible childcare expenses (daycare, preschool, before/after-school, summer day camps, in-home nanny) for children under 13 or dependents unable to self-care. Deducted pre-tax + pre-FICA = 30–37% savings. Only offered via employer; enrollment during open enrollment or qualifying life event. Use-it-or-lose-it (few plans allow $610 rollover). Coordinate with Child and Dependent Care Credit (§21) — DCFSA typically beats credit for AGI >$43K.
Click Generate advisory deep dive for mechanics, IRC citations, a step-by-step execution plan, a worked numeric example on your profile, costs, risks, and this-week actions.
Contribute up to $46K/yr additional (beyond $23K deferral) to after-tax 401(k), convert to Roth same-day.
Public sector + qualifying nonprofit employees stack a 457(b) alongside their 403(b)/401(k) — 2× annual deferral space.
Defer unlimited comp to retirement / future years — bypass 401(k) $23K cap on high-income executives.
Exercise ISOs early (bargain element = AMT) — pay AMT credit, get long-term cap gains + recover AMT in future.
Elect §83(b) within 30 days of restricted stock grant — pay tax on ~$0 value, all future growth is capital gains.
Contribute max to §423 ESPP with 15% discount + 6-month lookback = ~26% annualized risk-free arb.
10b5-1 trading plan lets executives sell during blackouts; costless collar protects downside with no cash outlay.
Take unpaid sabbatical year — convert Traditional IRA to Roth at 12/22% bracket vs 32/35% working years.