Anonymous
10/29/2018 02:27
Subject: Ways to reduce taxable income?
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:max out 401k/403B/IRAs
take all the Flex spending plans your work offers
charitable donations
How are charitable donations treated under the new tax laws?
Standard deductions.
So, they basically don't count?
They count the same as they always did. The difference is just that the standard deduction is higher now, so many people won't itemize anymore. But if you do itemize, you can still deduct charitable donations.
Anonymous
10/29/2018 01:36
Subject: Ways to reduce taxable income?
What about buying a second home? Isn’t the mortgage interest deductible?
Anonymous
10/28/2018 22:08
Subject: Ways to reduce taxable income?
Anonymous wrote:Anonymous wrote:Anonymous wrote:max out 401k/403B/IRAs
take all the Flex spending plans your work offers
charitable donations
How are charitable donations treated under the new tax laws?
Standard deductions.
So, they basically don't count?
Anonymous
10/28/2018 22:03
Subject: Ways to reduce taxable income?
Anonymous wrote:Anonymous wrote:max out 401k/403B/IRAs
take all the Flex spending plans your work offers
charitable donations
How are charitable donations treated under the new tax laws?
Standard deductions.
Anonymous
10/28/2018 21:47
Subject: Ways to reduce taxable income?
Anonymous wrote:max out 401k/403B/IRAs
take all the Flex spending plans your work offers
charitable donations
How are charitable donations treated under the new tax laws?
Anonymous
10/28/2018 20:49
Subject: Ways to reduce taxable income?
max out 401k/403B/IRAs
take all the Flex spending plans your work offers
charitable donations
take all the Flex spending plans your work offers
charitable donations
Anonymous
10/28/2018 12:01
Subject: Ways to reduce taxable income?
FSA is a good way to do it. Additional health insurance plans that you may not have such as extra vision or dental insurance is pretax.
Anonymous
10/27/2018 09:11
Subject: Re:Ways to reduce taxable income?
We are doing a defined benefit plan this year. Will put about $100k per year in it, which is more than the $54k allowed in SEPs and 401k/profit sharing plans. We also have an HSA, although that’s only about $6500/year.
Anonymous
10/23/2018 18:15
Subject: Ways to reduce taxable income?
What about FSA for medical and dependent care?
Anonymous
10/23/2018 14:43
Subject: Ways to reduce taxable income?
Anonymous
10/23/2018 14:43
Subject: Ways to reduce taxable income?
The layman methods are 401k (or traditional IRA or 403b or 457), HSA.
If you're richer than average then consult a tax professional to find out if you can Kushner your taxes.
If you're richer than average then consult a tax professional to find out if you can Kushner your taxes.
Anonymous
10/23/2018 14:13
Subject: Ways to reduce taxable income?
earn less.
Anonymous
10/23/2018 14:12
Subject: Ways to reduce taxable income?
How do you reduce your taxable income?