Any Tax advice for just out of college Male Professional
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Thread created 02-07-2011 by initiative
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http://taxes.about.com/od/deductionscredits/qt/studentloanint.htm
you're 5k away from not being able to deduct student loan interest, fwiw
Any Tax advice for just out of college Male Professional
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Thread created 02-07-2011 by initiative
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I was in the same position as you 2 years ago. You didn't say if you had any student debt, if you do and its at high interest rates, I would pay that off.
I have matched my 401k contributions...
Any Tax advice for just out of college Male Professional
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Thread created 02-07-2011 by initiative
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Great advice.
Maybe not so great advice.
The best ways to take advantage of the best tax breaks that are out there are through entrepreneurship and real estate investments.
Any Tax advice for just out of college Male Professional
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Thread created 02-07-2011 by initiative
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No hope for you. Single in California with few deductions is terrible. I feel your pain, I'm in the same situation myself.
Best advice - get out of CA, get married, buy a house, get deductions....
Any Tax advice for just out of college Male Professional
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Thread created 02-07-2011 by initiative
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And is only $0.20 on the dollar.
Any Tax advice for just out of college Male Professional
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Thread created 02-07-2011 by initiative
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12 Replies
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from a tax perspective....there's hardly any credits that you can get for 2011 unless you have some tuition expenses in this year then you will be able to take the lifetime learning credit which...
Any Tax advice for just out of college Male Professional
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Thread created 02-07-2011 by initiative
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Props for thinking ahead, but you're asking yourself the wrong question. Is there risk your current job will relocate or you will be relocated with a promotion in a year or two? If that's the case,...
Any Tax advice for just out of college Male Professional
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Thread created 02-07-2011 by initiative
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We aren't going to know you're whole situation, you got to look it up based on your particulars. Here's a broad-list from my H&R Block Online access:
Any Tax advice for just out of college Male Professional
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Thread created 02-07-2011 by initiative
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Oooh Tell me more about these "tax credits".
I have a quick tip I guess... I use commuter checks -> tax free promotion to encourage use of public transportation.
What else is out there?
Any Tax advice for just out of college Male Professional
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Thread created 02-07-2011 by initiative
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It's foolish to do something because you want a tax break, because that's all they are, a break. Let's say you have 70k and you do something that costs $1k but is a tax write-off. Now all you do is...
Any Tax advice for just out of college Male Professional
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Thread created 02-07-2011 by initiative
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AFAIK, education/home interest & taxes/marriage deductions are the largest. Contributing to a 401K is a good idea too.
I am pretty much in the same position as you are and haven't found anything,...
Any Tax advice for just out of college Male Professional
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Thread created 02-07-2011 by initiative
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Hello slickdeals!
I was wondering if anyone in the US has any tax advice/tips/tricks that I can use.
Here is a rundown of my current situation.
22 years old
Salary roughly 70K
No family...
