Thao Do Law P.C.

Thao Do Law P.C. Estate Planning - Personal Injury - Worker Compensation - Tax Attorney.

03/30/2026

💰 Most people overpay in taxes — not because the rules are unfair, but because they don't know the rules.

Here are 8 legal strategies the wealthy use to reduce their tax bill every year:

✅ Solo 401(k) — Contribute up to $72,000/yr
✅ Hire your kids — Pay up to $16,009 tax-free
✅ STR loophole — Offset W-2 income with rental losses
✅ Cost segregation — Accelerate real estate depreciation
✅ Bonus depreciation — Immediate write-offs on assets
✅ Home office deduction — Deduct your workspace
✅ Business travel — Deduct qualifying trips
✅ Auto deduction — Mileage or actual expenses

The tax code was written to reward business owners and investors. The question is — are you taking advantage of it?

Save this post and share it with someone who needs to see it. 👇

⚠️ This is for educational purposes only. Always consult a qualified tax professional.

03/24/2026

🇺🇸 Building Wealth for America's Children! 🇺🇸
A brand new opportunity is here for American families! The Big, Beautiful Bill Act has established Trump Accounts — a powerful, tax-advantaged investment vehicle designed to give every child a head start on long-term financial success. 💰👶

🏦 What is a Trump Account?
Think of it like an IRA — but for your kids! Starting in 2026, eligible children can begin building wealth that grows tax-advantaged over time.

✅ Here's what you need to know:
🍼 Children born 2025–2028:

Receive a $1,000 federal contribution to kick things off — at no cost to you!
Up to $5,000 in voluntary contributions per year
Employers can contribute up to $2,500 of that annual amount

👦👧 Children born before January 1, 2025 (under age 18):

Still eligible for a Trump Account!
Can receive up to $5,000 in voluntary contributions annually
Note: The $1,000 government deposit does not apply to this group

💡 Why it matters:
Starting early is the #1 secret to building wealth. A Trump Account gives your child a tax-advantaged foundation that can grow for decades — setting them up for a stronger financial future. 📈

📢 Talk to your employer, financial advisor, or tax professional to learn how to open a Trump Account for your child in 2026!
🔔 Share this post so every parent knows about this opportunity!

Happy Luna New Year!
02/17/2026

Happy Luna New Year!

💘 Estate Planners’ Valentine’s Jokes: “Are you a trust?”Because I don’t want to avoid you in probate.
02/05/2026

💘 Estate Planners’ Valentine’s Jokes: “Are you a trust?”
Because I don’t want to avoid you in probate.

Can beneficiary designations override a Will? Beneficiaries designations will override a will because they are contracts...
02/01/2026

Can beneficiary designations override a Will?
Beneficiaries designations will override a will because they are contracts between you and the financial institution. The company is legally required to pay the person named on the account – regardless of what your will says.
https://www.thaodolaw.com/estate-planning-tax

An S-Corp can help business owners reduce self-employment taxes by splitting income into:A reasonable salary (subject to...
01/28/2026

An S-Corp can help business owners reduce self-employment taxes by splitting income into:

A reasonable salary (subject to payroll taxes), and distributions (not subject to self-employment tax).
When structured correctly, this can result in thousands in annual tax savings.
But S-Corps come with strict rules — payroll, filings, and compliance must be done right to avoid penalties.
Are You Overpaying in Self-Employment Taxes?

If you’re making $100,000+ in net business income, an S-Corp election could significantly lower your tax bill.
https://www.thaodolaw.com/contact-us

Estate Planning Tip: Don’t Lose Your Spouse’s Tax Exemption. When a spouse passes away, their unused federal estate tax ...
01/27/2026

Estate Planning Tip: Don’t Lose Your Spouse’s Tax Exemption.

When a spouse passes away, their unused federal estate tax exemption doesn’t have to disappear.

Through estate tax portability, the surviving spouse can “inherit” that unused exemption — potentially saving millions in future estate taxes.

But here’s the catch:
👉 You must file an estate tax return on time.
👉 Miss the deadline, and the exemption is gone forever.

This simple step is often overlooked and can cost families a fortune.
https://www.thaodolaw.com/estate-planning-tax

A Declaration of Appointment of Guardianship is part of an Estate Plan, enabling parents to nominate a trusted individua...
01/24/2026

A Declaration of Appointment of Guardianship is part of an Estate Plan, enabling parents to nominate a trusted individual to care for their minor children or manage their estate if the parents die or become incapacitated. It acts as a guide for the court to appoint the chosen guardian, ensuring children are cared for by someone who shares the parents' values.
Contact us to set up your estate plan https://www.thaodolaw.com/contact-us

Did you know Estate Planning includes an Advanced Healthcare Directive, a Living Will and a Durable Power of attorney th...
01/24/2026

Did you know Estate Planning includes an Advanced Healthcare Directive, a Living Will and a Durable Power of attorney that outline your medical treatment preferences and who can make decision on your behalf if you become incapacitated?
Contact us to set up an estate plan. https://www.thaodolaw.com/contact-us

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