"Strategies for W-2 Employees to Slash Federal Taxes and Maximize Refunds"

A W-2 employee in California reduced his federal taxes by 98% for a tax refund by utilizing real estate strategies, including bonus depreciation, to deduct elements of his investment properties. By qualifying as a real-estate professional through his spouse's status and utilizing the short-term rental tax loophole, he significantly reduced their taxable income, resulting in a minimal federal tax liability. He now teaches others how to achieve similar deductions and emphasizes the importance of long-term property ownership to avoid potential tax recapture.