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[quote=Anonymous][quote=Anonymous][quote=Anonymous]My husband has a new job that has a base salary and bonuses. This is new reality for us, as previously he was in the federal government. I'd like us to consult with a tax expert to figure out how best to manage our salaries and accounts. We do work with a financial advisor already, but she is not a tax expert. If you work with someone who helps you plan out your income vs taxes, what did you search for? What expertise and characteristics should I find? I have Googled tax advisors, but there are a million and I'd just love a starting point. [/quote] Make sure you do estimated taxes and do those payments to federal on a quarterly basis. If the income suddenly increases without a decent withholding, you may run into underpayment penalty next year. [/quote] This. We were in a similar situation, OP. We have a large year-end bonus. They do not withhold enough taxes on bonuses so the government wants you to make payments when you receive your payout or you get fined. This was the only significant tax change for us when we started making a higher income. [/quote]
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