AssociationCrazy5551
AssociationCrazy5551 OP t1_j24g6qk wrote
Reply to comment by apb925 in Starting new high paying job and looking for advice on lowering my taxable income. USA by AssociationCrazy5551
That's very interesting I will look into that!
AssociationCrazy5551 OP t1_j24ezpe wrote
Reply to Starting new high paying job and looking for advice on lowering my taxable income. USA by AssociationCrazy5551
Thank you all for the help!!
AssociationCrazy5551 OP t1_j24dqzb wrote
Reply to comment by zffch in Starting new high paying job and looking for advice on lowering my taxable income. USA by AssociationCrazy5551
Thank you.
AssociationCrazy5551 OP t1_j24dn8b wrote
Reply to comment by weiner_forest in Starting new high paying job and looking for advice on lowering my taxable income. USA by AssociationCrazy5551
That's unfortunate. Thank you
AssociationCrazy5551 OP t1_j24dl0m wrote
Reply to comment by hayodksd in Starting new high paying job and looking for advice on lowering my taxable income. USA by AssociationCrazy5551
Okay thank you. I was curious if there's a way to lower it based on being a home owner, having kids, or investing in real estate. On a side note, is there any benefit to filing jointly now that my income is way higher? We have been filing separately because we don't really see the benefits of filing jointly. I mess around with stocks and crypto, she doesn't want to get involved with any of that.
AssociationCrazy5551 OP t1_j24h4v6 wrote
Reply to comment by wanttostayhidden in Starting new high paying job and looking for advice on lowering my taxable income. USA by AssociationCrazy5551
I had a tax scare a couple years ago where the IRS sent me a cp2000 for unreported crypto trades from 2017. Since I never sent a cost basis the bill was over a million dollars. I learned all about 1099s after that and fixed the situation myself, but she's still unwary to file with me.
Now that our incomes vary greatly, I think it's time to start looking into filing jointly