Hello folks….I’m trying to understand if there’s any work around to work the AGI limit of 300K to be able to avail the $7500 federal tax break for an EV purchase - the Tesla price cuts have been intriguing, and my husband and I are trying to see if we can make this work. How can we look to do to reduce our AGI, besides the standard 401K, HSA, Childcare support?

like
Posting as :
works at
You are currently posting as works at

Quit your job?

smartfunny

What’s your 2022 MAGI - it can be based on PY or CY? What do you expect your 2023 MAGI to be? Do one of you earn less than $150k - look into if you can file MFS and qualify that way - run #s both ways to confirm overall benefit?

1. If you are contributing to Roth 401k. Change it to traditional and max out for the both of you. You can reduce 40-45k there.
2. Max out HSA if you can
3. MFS if one of you makes less than 150k as someone suggested.
4. Look at prior year agi and see if that is eligible.

Related Posts

Anyone in the strategy& healthcare enterprise strategy practice willing to connect? 2 YOE in healthcare strategy consulting

like

Hello, I have a masters in healthcare administration and have worked in all parts of the healthcare field for the last 8 years. What would be a good starter job for someone who doesn’t have years of leadership experience with an MHA?

like

Does anyone have a good retirement planner? My spouse has a pension, I save a good amount (2x 401k max contribution) but have no idea if I’m doing enough. Idk why it actually stresses me out so figured I should hire someone to help

like

Can anyone give me an example of when a company would need an ASC 450 reserve for fringe benefits?

like

1) What is the onboarding process?

2) Will there be induction? if yes will it be online or offline? How long is the induction?

3) What all WFH claims are still available?

4) What all extra benefits can one claim?

5) On an average how much hike can one expect?

like

Hi Guys,
I have an offer from NatWest with Bangalore location. Any insights relating to Cab facility, Wfh option and food and any other benefits they provide

like

Best consulting companies for Healthcare related projects ?

Can anyone refer me to Citrin Cooperman TAS Senior NYC? 3 years Audit w/ Sr exp mid size niche private companies of international publicly listed parent Company, 2 Years Fed Tax Big 4, 1.5 Years Internal Audit healthcare, 1.5 years currently Self Employed Investing.

funny
like

How's the adoption of Robotic Process Automation in Healthcare?

like

Newbie question here. From what I’ve read and learned people typically take two FIRE approaches: 1. REI and 2. Index funds. First, am I missing anything else? Second, if you did the index fund version, and you retire at say 30-35, how do you use that money? Isn’t it locked in until 59 1/2?

like

Best consulting firms for healthcare providers?

Which company provides health insurance in barclays and how much is the cover.
Who is TPA for health insurance

like

I started a firm with three other colleagues about a year and a half ago. We all came from the same bigger firm and now obviously we are considered a very small. We want to make our first hire and hire someone for around $100,000 as a manager to manage around $200,000 of work. They came back at $120,000. After taxes and benefits that’s $150k to manage and prepare $200k of work. Anyone own a smaller firm who can share opinion? How much work should one manage for that kind of salary?

like

Told external recruiter early on that my expectation was for $185k. Went through interviews and now have offer. Did some more DD and found that the benefits are horrible. Shitty high cost health plan

likehelpful

Does anyone else notice the insanely highly salaries made by our friends down south and get disappointed? How do you deal with this disappointment? Apart from the usual Trump, “free” healthcare, etc.

like

If it’s a good time to increase my 401k contribution %? I plan to invest all in s&p 500 equivalent fund and it looks pretty low now.

like

(UK based)

Anyone else stuck in a job because they don't want to lose maternity benefits?

I'm actively looking to have children. Medical advice tells me not to put it off at all, it's now or potentially never.

I have been approached about new jobs, have found jobs that are perfect but they don't offer anything above the statutory mat payments unless you have been there for a year or two at least. As the main breadwinner stat payments would be devastating for us.

Anyone else stuck?

like

Any healthcare workers currently working in the cath lab?

like

More Posts

I have 7 YOE as a senior software Engineer in python and web framework, initially worked as an Odoo developer (ERP system) for 4 years then started working on Django for 3 years, I have mostly worked on the backend along with javascript. For the past 1 year, I have started learning AWS and have a basic understanding.
If I plan to switch, what maximum CTC I can grab?
I can rate myself above average developer.

like

What is the maximum good salary that a dataops engineer at product based company should be getting -( fixed compensation)?? - need help

like

For those who have lost a significant (to you) amount of weight, what unexpected benefits have you noticed?

like

Stumbled across the eBay black market for animal crossing goods. Some villagers or items are going for hundreds of real world dollars 😳

likefunny

Any lessons learned to share when looking for jobs abroad? Like looking for jobs in Europe while in NYC currently

like

Hi All,

Can someone refer me at
Cognizant ? I have a job Id with me.

likehelpful

Larsen & Toubro I have 4.5 yoe in Embedded C, Linux and Python.
CTC: 6LPA
I have one offer at 10LPA(Larsen & Toubro ) and 2(Mindtree , Havells India Ltd ) more in pipeline, how to and how much I can ask in the other 2 saying I have 10LPA offer in hand?

like

Maybe this was already addressed but interested in hearing MBB thoughts about BCG CEO elect not coming from an “elite school” (UT). Not looking to stir conflict but genuinely interested if this opens the conversation more broadly that great talent is everywhere and not just at Ivys.

Civilized, non-aggressive thoughts?

like
funnylike

What do Solutions Architects end up doing after a few years of SA? What different routes can people take?

like

Really starting to like the BB58 - are these only available at retail price or is there some flexibility?

like

I currently work in a Corp Dev team at a non FAANG firm (e.g. Square, Indeed, Uber). I could continue to work in Corp Dev or transition to Product or Business Development in the same company. I could also transition to VC (getting headhunted). How do I think of these opportunities?

like

Deloitte is looking for qualified candidates to join their Cyber, Assurance, and Regulatory and Legal practice immediately. All levels. Please reach out if you're looking for a change and I'll submit your resume!

like

without paying for leads .. whats your favorite way of getting listings?

like

Do any of the tech companies sponsor MBAs for strategy and product job roles?

like

Anyone going through experienced hire recruiting with BCG? Or are they waiting until October/November?

like

With BCG consultant base at 190K, what’s the new expected TC for an MBA hire?

like

Is now a really dumb time to choose to go freelance?

likehelpful

Confused if parents want schools to reopen or not? I read so many posts here about how difficult it is to work full time and manage kids’ at-home schooling (I can’t even imagine!) so would assume that means parents want to reopen, but at the same time keep seeing a ton of backlash from parents in states who are pushing to reopen due to safety reasons. What’s the general consensus?

like

Which units in infosys provides maximum number of on-sites ?
I am having almost 10 years experience as a full stack developer.

likehelpful

Additional Posts in Personal Investment Chatter

Lost a ton of money in VGT, VTI and VXUS already, however I have some cash to spare and considering investing more here. Thoughts?

like

I’m sitting on $300k which I’ve set aside for a down payment in 12-18 months. It’s not really earning me anything in a money market account and I’d love to get a better return. What would you suggest as good investment options which are liquid in the 12 month horizon and tax efficient?

like

Any good resources about pre-IPO company funding/financing/VC operations, how the inverse round work, who is buying/selling, where the shares come from

like

I have the option to buy out my lease (residual) for 11k. It's definitely the right choice financially to buy it out because of the value I think, but should I finance or pay cash? I wouldn't have to go into emergency fund liquidity either way.

like

Is investing in VOO and VTI essentially the same?

like

Thoughts on DBX? Seems poised for growth and has beat earnings but price has been flat for some time

like

How do i find a good cpa to do my taxes? Including crypto gainz

like

Has anyone utilized Worthy Bonds. Apparently the bonds are secured by the small businesses inventory they loan to. Right now my HYSA is about 1% and they are offering 5%.

like

Concept of Retirement

like

If we already predict a terrible Q1 earnings across the board due to the entire economy stopping, why would actual reports make a huge difference? Just to see if it’s worse or better than expected?

like

Bought a stock on a whim, lost $600. Lesson learned😭... now should I sell and move on with life or try to hold on and get back some of the loss? Stock is DOCU btw 🥺

like

What’s a safe place to invest money in Roth IRA? I’ve maxed my contribution for the past 3 years and invested in S&P500

like

So what is everyone’s guess on when we will return to all-time highs for the S&P? How far out?

like

Having equity tied up in the house is a waste imo. I have 300K in equity. I’d be better off if I sell and move and put most of that into stocks. In 30 yrs, the returns will outdo any home appreciation. Thoughts?

likefunny

Hoping to invest long term in a decent dividend ETF, but more research= more confusion. High vs Growth, Qualified vs Unqualified...etc. Can any1 share tips on how 2 decide or share some ETF that......

like

What would you do?
Inherited a 250k single family home (good condition, large lot) in a medium sized midwestern town. Fully paid off. Will not need to live in it and interested in air bnb rentals (possibly after refinancing). Online air bnb calculators suggest 70-80% occupancy rates in the area with avg daily rate > $200. Family is nearby for emergencies. Worried about potential impending housing crash. Thoughts?

like

Trying to decide if buying a place is a good move right now. Background: have about 6 months left on our lease but found a perfect place that we love. Probably would buy when our lease is up too. Worried about trying to get out of our current lease though and don’t want to be left with 4+ months of double payment.

like

I may have tax problem from my 401k contributions😳 appreciate any input from tax pros:
I’ve elected max I can contribute to 401k through employer then switched jobs to a role that pays lot more. I continued to elect the maximum 401k contributions in the new job as well. Since they have no visibility to my previous contributions, the new company did not manage my contributions in a way that they don’t contribute more than maximum fed contribution limit of $19k max.
Am I in tax trouble? How much?

like

Thoughts on AMZN at these levels?

like

What is a good entry point for Lemonade stock?

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.