Tax Saving strategies- how do you save on your taxes? I max out HSA, 401k contribution, FSA. My wife does some 1099 work, so we are able to write off home office expenses

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

Sounds about right to me. Don’t forget IRA tho

You can make babies and increase deductibles and then save for 503 ;-) just joking sorry

Ha ha ha right it’s not - question is about saving taxes 😂

Add pre tax commuter benefits to your list

Related Posts

Question for folks with second homes: Considering buying a vacation home but would be primarily for family use. We currently have a primary residence with a mortgage balance of ~640K, so my understanding is I could only deduct the mortgage interest on 110K of the second mortgage to stay under the 750K cap. If I were to buy the second home through an LLC, would that allow me to exceed that 750K since the expenses of the second home would be pass through expenses/income?

like

Expensive homeowners insurance or cheap insurance?

like

Having trouble selling my (retired) dad's house. It needs a lot of work, but has great character. What if I buy it myself for a low, low price? Then I would be able to get a FHA 203k loan to do the updates. Rent it out or put it back on the market in the spring.

like

what you buying?

like

Should I stop contributing to my 401K and put all my energy into paying off my student loan? Right now it's unconsolidated so there are rates between 3-6% and it's 20k.

Looking for a panty dropper used car for around 40k. What would you suggest? Considering a wide range of options from x5 to F type

like
like

Looking for an investment advisor who is 1) a fiduciary 2) has a CFA/CFP/CPA or some combination thereof. No exceptions. DC/Baltimore area.
TIA.

like

Anyone have situational depression? Can’t stop beating myself up over a decision a year ago. Basically missed out on a massive amount of money. I know this seems trite and i never even cared thatt much about money before this year.

So many other good things happened to me this year - got married, got a puppy, moved etc, and yet the one thing i keep returning to is this decision as though i ruined my life. Ironically the only thing ruining my life is my outlook and yet i just can’t stop.

likefunny

How to choose which financial advisor to work with.
I have no financial experience and an advisor reached out from equitable.

What's a good percentage (they're offering 2% as a fee)

like

Standing desk people: do you get a mat or anything for your feet?

like

Anyone here tryna go into impact investing?

like

Any consultants from Deloitte who can help to staff in a healthcare project? I’ve worked with healthcare clients for 10 years and relatively new to the firm.

like
like

What's a usual amount of time that you have to stay somewhere in order for your RSUs to vest?

like

What are benefits of working with a content strategist on a project?

What are strong must-have traits of a good content strategist?

Trying to build a case for my agency to hire our first CS!

like

Looking for ergonomic office chair recommendations, budget is $500. Any suggestions?

like

New to the country. I need to fill the W-4 tax form and I don't know if I am eligible to any tax credits. Do I have the opportunity to change this later?

like

Best sign up bonus right now that is not the CSP and the Amex platinum?

like

Could someone give tips on where to find Luxembourg individual's income tax legislation? Thanks!

like

More Posts

Any recs for good gyms around South End or Back Bay? I’m a 27F, looking to get back into lifting but also I want options for personal training.

like

What’s the current timing of biometrics appointment after AOS filing?

like

For anyone here familiar with the CFA, my exam (Friday 25th) got cancelled because of snow, will they reschedule it soon or will I have to wait until the next testing period?

like

Heard that Accenture gave promotions to all in the name of Fastrack promotion tag in Dec 2021.. as the attrition rate is high currently.. is that true...?

likehelpful

Looking like I'm moving to Houston early next year from DC for work. Any favorite neighborhoods for someone in their late 20s? Priorities are really just good food/bars. Would love to be in the $2-2.5k range.

like
like

I canceled my Amex paid membership as we aren’t traveling for work yet. Have 100k points to redeem in 2 days. Don’t want to waste it on target or Walmart gift cards as they have terrible conversion rate. Any suggestions? May be transfer to Emirates points as I will travel to Dubai in a year?

like

What band will Capgemini provide for 9.5 YoE?
Tech stack offered: SQL, SSIS/Pentaho, data migration
Also, how much can I ask for CTC?

Holding an offer of 24L (22 fixed + 2 variable)

like

How’s the freelance market in SF right now?

How much PKG one can expect from EY for 4 years

Cctc :10.5 fixed

like

I created a macro to help me save time on this onetime task and now whenever I open my excel, a blank excel opens with the name of the macro. How do I get rid of it?

like

Trinity / ex Trinity folks: What are your thoughts on working at Waltham vs. remote offices? Considering transferring offices / moving remote

like

I've been assigned to a campaign with a designer who just hates me and I'm sure he's out to make my life miserable. I am so uncomfortable with this but as a marketing director, it's my dream campaign.

like

Interviewing for an SE position and have my final demo in a few weeks. Any trailhead modules I should check out to get more prepared/confident? Thank you in advance!

Why cant we trade UWMC right now???

like

How bad is it to sound shaky during the case interview? I got everything right and nailed the math but I feel like I sounded like I was about to cry even though I was confident 🤦🏻‍♀️

like

Building Wealth: has anyone ever bought property in Mexico, specifically Tulum area? If so, would you be willing to chat about it? I’m eyeing an investment property, but would like to know more about what, exactly, I’m getting myself into. Thanks.

like

I received my fnf from Accenture today. I don't know why 18k as 'other perquisite' is mentioned in income tax computation sheet?

like

Looking to move into remote work, currently have lots of construction management experience. Would anyone know of any remote jobs that they could refer me to that would be interested in me as a new hire?

like

Does anyone have tips for getting a RN job in NYC?

like

Additional Posts in Consulting

Alright, fishies, let’s try this again. Name drop boutique firms that have offices in San Francisco Bay Area. Big 4 is not my future (as many many MANY of you have repeatedly said I’m not good enough for). So, I’m taking the hint and crossing MBB and Big 4 off my list but still hoping a smaller firm will consider me.

like

When you realize making 6 figures doesn't mean you don't act as an admin assistant

like

My neighbor is an air traffic controler and makes over 100k at 23 with an associates degree. They also get a pension and a mandatory retirement age of 56. Are there other gov jobs that are this cushy?

like

Has there ever been a consultant’s union? Would you consider joining if one existed?

likefunny

Definitely not a fan of Westin's "Eat Well" proposition. I'm working in the room at 2:00 AM and the most appetizing menu item is a cold turkey avocado and arugula wrap. I just want a burger and fries!

like

Not trying to troll per se - but if you quit you job can you still file for unemployment? Are there restrictions?

like

Anyone in Seattle this week want to grab a drink?

like

How do I say to my counselor, "be prepared to see a big fall of my utilization because of things out of my control" without sounding like complaining or having a lot of negativity?

like

Any book recommendations about human psychology / thought processes?

like

Ratings on three projects - 3,2,2. Utilization - 90%... Proposal hours - 15... Firm activities - 43 hrs... I then get a YE rating of 4 😕 ... How worried I should be regarding the layoffs???

like

That feeling when you're finished with a project and want to leave, and then you have 4 or 5 projects to choose from. :D

like

Is getting the FRM (Financial Risk Manager) Certification worth it? I could see it opening many doors but should I just shoot for my MBA instead? Have about 3 YOE

like

Can someone shed some light on how year end bonuses and raises are determined for Seniors at EY. Thanks!

like

How much severance should you expect after getting booted after 1 year. I got 3 months salary

like

Tell me WHY does it take 10 business days to unsubscribe from a damn email notification...

like

First year in consulting, is it worth purchasing a car this early? I’m living at home and about a 45 minute car ride away from my home office. Any suggestions? What have you done?

like

What are the best consulting companies in the US focused on Sustainability, either Strategy or Ops?

likefunny

Bain & Company What consulting firm would you pick if given offers from every single MBB/Tier 2/Big 4 firm and WHY?

PwC Deloitte Accenture EY EY-Parthenon Strategy& L.E.K. Consulting Alvarez & Marsal Alvarez & Marsal Oliver Wyman McKinsey & Company Bain & Company Boston Consulting Group

likehelpful

What's the deal with PTO, holidays, and utilization?

like

Any audio book recommendations to listen to when backpacking / vacationing?

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.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal