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Top Tax Mistakes to Avoid If You Make More Than $100,000

· 18.02.2024 · 21:00:02 ··· Sonntag ⭐ 0 🎬 0 📺 Bloomberg Quicktake
These days, a six-figure salary often doesn’t go as far as expected after taxes and adjusting for the cost of living. #finance #news #personalfinance

Thanks to the flexibility of remote and hybrid work, high-earners have been moving to lower-tax states such as Florida from expensive cities in New York and California. No matter where you live, though, tax experts say that people who earn more than $100,000 should be generally focused on lowering taxable income.

Limiting tax exposure takes long-term planning, according to Jordan Gilberti, senior lead financial planner at Facet. People with high incomes should constantly review their options amid life changes, like having kids, buying a home or getting a big raise.

Read more: https://www.bloomberg.com/news/articles/2023-04-05/7-tax-filing-mistake-to-avoid-if-you-make-over-100k-in-us?srnd=undefined&sref=omvmmwIg

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