Hi. I'm a 39 year old dude. I make $153k a year. I'm recently divorced and I can't believe the amount that is taken out of my check as a single guy with no dependents. When I was married with two step kids, I took home an extra $1,000 a month just in less federal taxes. I'm going to owe the IRS $8k this year because I withheld at the married level all year.
This got me thinking, how can I reduce the amount of taxes I'm paying now? Isn't $18k the max I can put into a 401k? What other options to I have to avoid paying 28% in taxes?
I plan on a very low key retirement and don't need a ton of cash.
Submitted January 22, 2017 at 11:31PM by vitalsign0 http://ift.tt/2jeWLp7
