File tax jointly or separately?? Any tax advantages in one over another?

Context- Got married last year. We bought one house together but pre-marriage and on one person’s name.

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It’s rarely advantageous to file separately because the brackets are cut in half.

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Trying to explain this to S/o with very different income levels to lower the required income repayment of student loans.

Yes but it will depend on your specific facts. No one can just give you a blanket answer.

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What's a social security card/number , is it something like pension ?

funnylike

Trying to open an account on TreasuryDirect to buy i bonds, and I am required to get an authorized certifying officer to sign a form to complete the process to open an account. Anyone know what that is? I went to my bank and asked, they don’t think they can sign it 🧐

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why rent over buy; seems like “throwing money” away?

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How often do you come across Schedule F? I have prepped 3 tax returns for farmers this busy season? It’s interesting. I’ve worked for large and small firms. I never had to deal with Schedule F until now.

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What are some of your go to resources for investment ideas or advice?

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I work for a company that gives me RSUS as part of my compensation. Am I allowed to short the companies stock to minimize my downside risk in case stock price drops? I value certainty of my RSU payments over any potential upside

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Any real estate experts in the house? Thinking of making a move to Miami from Jacksonville. Jacksonville real estate is still pretty inflated and hasn’t really come down much. Is real estate in Miami following the same pattern? Or is it expected to deflate with high interest rates?

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Do we have option to include stock in salary structure in FIS to save income tax?

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Will Amex restricting guess access for Centurion Lounge actually make any difference?

I can see short term changes but the way Amex has been aggressively marketing Platinum card, we just will have overcrowding of primary card holders 🤷🏻‍♂️

What's next, everyone has to spend min. 50k a year to get Centurion lounge access or pay per visit.

likeuplifting

Which style home do you prefer and why?

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Which is good brokerage account for etf and stocks. Can't use robinhood due to restrictions

Does anyone have any good self created templates they’re willing to share for use in the context of stock option planning?

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Are my crypto profits taxed?

Well yes. Crypto is taxed like stocks & other types of property. When you sell for a profit, you are required to pay tax on the gains. It’s called capital gains tax.

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How long should you leave your money in a manager before pulling for poor performance (I/O is aggressive and horizon is shorter term 1-3 years)? This hedge fund manager I’m using is supposed to be “cutting edge”, but after 4 months my return is 1.4%.

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I have an expiring British Airways credit I need to use in January or February. Options are Lisbon, Paris, Rome and Athens. Anyone have thoughts on any of those in the winter/off season?

I'm coming from the US - my flight credit is use-it-or-lose-it so I'm trying not to spend much more than the original credit.

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Bhaiyon aur Behno!
Gurgaon me kisi Broker ka number hai to dedo

Dhanyawaad

“Don’t worry about the budget. If we like the idea, we’ll find the money.”

Has anybody ever found that money?

likefunny

Hey, visiting Austin from the north and think I wanna move here. Looking for a house . Single family 3 bd + and 2ba + . Wondering what good affordable neighborhoods to look in! Ideas and housing advice are more than welcome !!

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EY folks - how do I increase my firm group life insurance coverage (not the group universal / variable policy)? My wife’s coverage is at like 3x my salary but mine is only at 1x my starting salary from 5 years ago…

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Need a working flatmate
Spacious 2bhk in Springfield society, Kharadi.
(Opposite to Reliance mart, less than 2km from WTC)
Brokerage 25k
Monthly rent 25.5k
Security deposit 50k
All above expenses to be divided by 2.

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More Posts

Need a working flatmate
Spacious 2bhk in Springfield society, Kharadi.
(Opposite to Reliance mart, less than 2km from WTC)
Brokerage 25k
Monthly rent 25.5k
Security deposit 50k
All above expenses to be divided by 2.

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I know everybody loves to moan about having work on the nights/weekends but what's another 6-figure job (with the same yrs of experience) that has better hours?

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For those working in FDD - what is the best exit you've seen someone make? I've seen a handful make it to actual front office PE but it's rare and mostly only happens in non-major cities at boutiques

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Meeting with a recruiter at one of the FAANG companies. I won’t be able to move jobs because of H1b /GC at least for the next year. Any idea if I should start off with that or should I just try to understand the work that they have been doing?

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Hi there, I'm looking for opportunity in Accenture. Total 3 years of experience in Supply Chain management. Now titled as business analyst with strong analytical skills! Could anyone help me .

likeuplifting

Hey all, I got an interview call and the hiring team shared with me a coding challenge as a first step, I have submitted and it's been more than a week and no update

Is the hiring process too slow here?

Hi Members, 

I am a supply chain professional with 10 years of experience in supply chain operations and program management in e-commerce, telecom, and 3PL distribution companies. 

I immigrated to Canada 2 years ago and worked with Amazon Canada for last 1.5 years. I recently lost my job and looking for a new job opportunity. 

I have completed my CSCP and PMP certification 

I would appreciate any leads or referrals.

At MBB, level for level, do implementation practitioners make the same as generalists?

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Any recommendations for an anime from the manga? I recently saw the whole Naruto saga, and I have to say that I underestimated this genre a lot. I am a producer, and thanks to this my mind has been totally opened. Now I want more knowledge about this culture.

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Which will have better hours: H&K or Foley? Interested in data for litigation or corporate.

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Any insight on Baker Hostetler Orlando? Pay scale, hours, wfh ability, general vibe of office?

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Hi everyone...
Got my salary credited for current month.
But i dont see bonus amount credited in my account.
Shall i connect with HR or shall i wait for next month salary ?

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Creamy Ranch Chicken with Spinach & Mushrooms

Moist and tender chicken is braised in a luscious creamy ranch, herb and white wine reduction sauce with mushrooms and spinach. Served with egg noodles.

Adapted from Natasha’s Kitchen Recipe: Creamy Herb Mushroom Chicken

#chicken #chickenrecipes #creamychicken #dinnerideas #dinnertime #yummyfood #moskowitzcooks #tinyhappykitchen

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Hi guys! Please help me with 11 likes. I am working as a Product Manager in BFSI and looking for a change in a Fintech. Appreciate your help!!

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Don’t make me go back to the office… 😩😩😩

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likefunnysmart

what is the salary range for a consultant at progression level 1 with accenture in a tier 2 city?

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Totally agree 😁

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funnylike

Is there a clause in IBM if one separates before completing year.
Offer letter mentioned recovery of joining bonus if separation before 1 year. If i resign now ,my lwd is beyond 1year since I joined 10 months back. Which date will be considered here? Day of separation filing or actual lwd .
Also Can one can revoke separation at a later stage?

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Roo to my bruhs. Happy founders day

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Blue point exchange anyone?

Additional Posts in SALT - State and Local Tax

Oct. 15th is almost here. Hang in there!

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Anyone making career moves out of SALT? Curious to hear where people are going and what career paths people are looking into.

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I was paid a retention bonus last year which I have to return - couple of questions: Will I get a corrected W2 ? If yes, how much time does it generally to generate a corrected W2? Should I wait for corrected W2 to file the return ? (with the current comp - I owe taxes however with the W2C - I will probably not..) thoughts??

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Hi All, how much should I expect to pay for someone to do my taxes for me? (Ball park)
- fbar
- state
- Federal

Also I moved out from MA in February so not sure if I'd also still need to file in MA?

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Los Angeles Area comp for 2nd year asset management?

Currently making $85k with a 7.5k signing bonus. Wondering if I’m being underpaid in my role. Ive tried probing my colleagues but no dice.

I got married in 2021. Before my wedding I lived in State#1 and after the wedding I moved to State#2. My spouse lived in State#2 the entire year.
Can I file as Married Jointly in such a way that State#1 only calculates my income for the portion of the year I lived there?
Or do I need to file Married Seperately?

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I am on H1-B visa, open to relocate and looking for State & Local Tax (Income/Franchise) Experienced Senior/Manager opportunity. Which companies are currently hiring visa candidates? Appreciate the responses, thank you!

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Anyone looking for a senior SALT position , would be in our south florida practice. West Palm Beach, Fort Lauderdale or Miami office

My 2022 w-2 has states tax paid in California. But I was living in Illinois. I have paid more taxes per my w2. Do I need to file state tax for both IL and CA?

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Will states start imposing sales tax on NFTs?

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Why did you choose to work in SALT over other areas of tax?

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Need some help! Currently live in TX but work as an independent contractor (remote) for a NYC based company - do I still need to pay NY state convenience tax on income or would this only apply as a full-time employee?

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Hey Salt peeps. I’m curious what kinds of practices you specialize in and how long you’ve been doing it? Would you specialize in something different in tax if you could turn back the clock?

helpfullike

My work office is in philly but i wfh in delaware. Why im i paying for both state taxes as well as philly tax. Is that right or do i need to make some adjustments. Im at PwC currently.

likesmart

Maxed out Roth IRA contributions when I wasn't eligible for 2021 (got a salary bump mid year). Do I need to recharacterize? It's a very small account that's been open for only two years. That's the only IRA account I own. Do I need to open a traditional IRA and roll over 6k + realized gains into that account and keep the Roth IRA. So confused how this works and got conflicting information from Merrill.

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If the layoff is not necessarily to go through performance improvement plan, then is there a standard dashboard look to evaluate ourselves about how close we are at?

likehelpful

Hey Team

I'm on a H1B so I am supposed to pay Medicare and SS taxes, but my employer has not withheld anything- my hnr block advisor caught that but she just completed my returns assuming I don't have to pay those taxes

What is the right protocol in this case? Do I owe SS and fica taxes?

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MTC Proposes Removing Online Sales solicitation from 86-272 protection. Thoughts?

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How is leaseholds taxed in Texas for personal property?

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Hi all! I work for a local CPA firm and have realized that I’m the only one out of 50 people total and one other partner that are interested in SALT. I see myself creating a path for me to become almost invaluable here. I enjoy multi state returns and wanted to see if you’ll had any recommendations on how to increase expertise and become really tax technical with state and local tax issues? Tax senior here.

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