Hi all I recently got a job paying 120k annually, state is PA. Married with three kids. All benefits would come out to around 250 per paycheck. I want to contribute 10% or more to 401k. We always hope to break even with Uncle Sam so that we can have our money right away in the paycheck and not give them the interest free loan.
We've been able to make this happen every year and stay in the 15% bracket, using 11 exemptions and just the standard deduction, but, never had a specific planned formula.
I'm kind of wondering what tools are out there or what other folks are doing to try to maximize take home pay but avoid owing taxes at the end of the year. Any thoughts appreciated! :)
Submitted August 12, 2017 at 08:10AM by Throawai09 http://ift.tt/2vOI03B
