csrcsr Posted May 15, 2021 Report Share Posted May 15, 2021 Common practice 401k maxout, house mortgage interest, inka kavali ante Roth, Quote Link to comment Share on other sites More sharing options...
thanks Posted May 15, 2021 Author Report Share Posted May 15, 2021 33 minutes ago, csrcsr said: Illu konuko Yea done last year Quote Link to comment Share on other sites More sharing options...
csrcsr Posted May 15, 2021 Report Share Posted May 15, 2021 7 minutes ago, thanks said: Yea done last year Mortgage interest will get you to the itemized deductions kada bro , 401k max out cheyi , ink hsa etc etc untayi relax njoy cheyi kattedi elagu tappadu, not sure if yiur kids are Olde you can save for college fund is tax free Quote Link to comment Share on other sites More sharing options...
HtmlBro Posted June 30, 2021 Report Share Posted June 30, 2021 On 5/14/2021 at 2:29 PM, Raazu said: Some people do itemized deductions.. Anni one year gas bills grocery bills anni enter chestha koosuntaruu.. I always go with standard deds. Grocery bill and gas bills veyakudadu annai. It's vadu nee inteke vastadu. Quote Link to comment Share on other sites More sharing options...
HtmlBro Posted June 30, 2021 Report Share Posted June 30, 2021 On 5/14/2021 at 4:38 PM, thanks said: Yea both working If Both working eddaru Roth ke opt cheya Kandi. One should choose traditional and another should choose Roth. 401k mani misconception ente ante tax kattamu ani. It is all about when you are paying taxes. With tradition nevu eppudu tax kattavu kani when you are with drawing you have to pay taxes on that money. Roth is other wise nevu 401k lo ese money meda eppudu tax kadutavu and with draw chesukune tappudu kattavu. Quote Link to comment Share on other sites More sharing options...
TechSri Posted June 30, 2021 Report Share Posted June 30, 2021 On 5/14/2021 at 5:39 PM, ForEverJava said: 40k if wife n husband contrbute to 401k also if not ira n roth backdoor contrubutions.. Hsa account i think 3 to 5k ..property taxes 10k writeoff..mortgage interest.. Fsa daycare accounts if u have small kids and also fsa health accounts if u have any medical needs with high expense.. Also w4 fill up properly year begining ..if possible add extra withholding every month so no hefty payment year end.. kids 529 add as well 10k.. Donations salvation army or good will n charity.. Thats all i can think off.. FSA Day care account? I did not know. I am paying Day care fee but dont have any FSA. Can i take in the middle of the year. Can i do anything while filing taxes after year end. Contracting chestunna. HSA amount unlimited years ki roll over ayitada. Quote Link to comment Share on other sites More sharing options...
Unityunity2 Posted June 30, 2021 Report Share Posted June 30, 2021 2 hours ago, TechSri said: FSA Day care account? I did not know. I am paying Day care fee but dont have any FSA. Can i take in the middle of the year. Can i do anything while filing taxes after year end. Contracting chestunna. HSA amount unlimited years ki roll over ayitada. Yes HSA is rollover plan Quote Link to comment Share on other sites More sharing options...
Shameless Posted June 30, 2021 Report Share Posted June 30, 2021 On 5/14/2021 at 4:23 PM, thanks said: Cheppandi.. every year uncle Sam account khali chestunnadu Adopt 1-2 kids bro... Quote Link to comment Share on other sites More sharing options...
TechSri Posted June 30, 2021 Report Share Posted June 30, 2021 3 hours ago, TechSri said: FSA Day care account? I did not know. I am paying Day care fee but dont have any FSA. Can i take in the middle of the year. Can i do anything while filing taxes after year end. Contracting chestunna. HSA amount unlimited years ki roll over ayitada. FSA day care account year starting lo did not take. Day care ki paying. Can i do anything now in the middle of the year or in tax filings Quote Link to comment Share on other sites More sharing options...
SwamyRaRa Posted February 17, 2022 Report Share Posted February 17, 2022 Ltt Quote Link to comment Share on other sites More sharing options...
sri_india Posted February 17, 2022 Report Share Posted February 17, 2022 40 minutes ago, SwamyRaRa said: Ltt ivvanni time waste yavvaralu sir .... okatee option , mee employer ni cash ivamani cheppu , no payroll run ani cheppu , tax kattaku Quote Link to comment Share on other sites More sharing options...
Moon_Walker Posted February 17, 2022 Report Share Posted February 17, 2022 On 5/14/2021 at 5:39 PM, ForEverJava said: 40k if wife n husband contrbute to 401k also if not ira n roth backdoor contrubutions.. Hsa account i think 3 to 5k ..property taxes 10k writeoff..mortgage interest.. Fsa daycare accounts if u have small kids and also fsa health accounts if u have any medical needs with high expense.. Also w4 fill up properly year begining ..if possible add extra withholding every month so no hefty payment year end.. kids 529 add as well 10k.. Donations salvation army or good will n charity.. Thats all i can think off.. Can you explain 529 plan above? I dont thin u get tax benefit on it. It is after tax contribution. Quote Link to comment Share on other sites More sharing options...
SwamyRaRa Posted February 17, 2022 Report Share Posted February 17, 2022 Ltt Quote Link to comment Share on other sites More sharing options...
ForEverJava Posted February 17, 2022 Report Share Posted February 17, 2022 7 hours ago, Moon_Walker said: Can you explain 529 plan above? I dont thin u get tax benefit on it. It is after tax contribution. No it's tax saving on state tax if you live in a state that has state tax..if u invest state 529 plans..hope that's clear .. Check this link for understanding more .. Quote Link to comment Share on other sites More sharing options...
ForEverJava Posted February 17, 2022 Report Share Posted February 17, 2022 https://www.savingforcollege.com/compare-529-plans Quote Link to comment Share on other sites More sharing options...
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