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Minimizing Tax Bill
Posted on 4/26/24 at 10:59 am
Posted on 4/26/24 at 10:59 am
We maximize 401k. I don't contribute to an IRA. Last year was the first year our Mortgage Interest dipped enough that we can't itemize anymore. I did a rough calculation on our Federal Income Tax for 2024 and it's going to be close to 72,000. State income tax will be around 18,000. Property tax 9,000. Makes me sick knowing we are spending 100k on taxes.
So what are some creative ways to start shielding money (legal of course), and get that tax liability down.
So what are some creative ways to start shielding money (legal of course), and get that tax liability down.
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