kidooo
Level 2 Member
Hi everyone, hoping someone can help me figure this out.
I live in NYC and work NJ getting paid on a W2. So far for 2015 I got paid and withheld the following:
Gross Income: $173,804.18
Social Sec. $7,347.00
Medicare $520.12
Federal Married - 1 $23,185.00
NY State Married - 1 $4,435.69
NJ State Married - 1 $5,078.05
NY Local Married - 1 $5,774.99
NJ Disability $244.80
Total Taxes $48,585.65
I have another $10K-$15K which I didn't get paid yet for last month, how do I know if it makes sense for me to push it off to next year or not? In addition, besides contributing the max to an IRA ($11K total) what other ways to lower my taxes should I be looking at? No 401K at work
I should mention that I have some very minor self-employed income (around 2K for the year) which will mostly really be a negative amount after expenses.
I am really not savvy with all the different Tax situations, and my accountant is decent but wasn't much of help on this questions.
Any advice appreciated
I live in NYC and work NJ getting paid on a W2. So far for 2015 I got paid and withheld the following:
Gross Income: $173,804.18
Social Sec. $7,347.00
Medicare $520.12
Federal Married - 1 $23,185.00
NY State Married - 1 $4,435.69
NJ State Married - 1 $5,078.05
NY Local Married - 1 $5,774.99
NJ Disability $244.80
Total Taxes $48,585.65
I have another $10K-$15K which I didn't get paid yet for last month, how do I know if it makes sense for me to push it off to next year or not? In addition, besides contributing the max to an IRA ($11K total) what other ways to lower my taxes should I be looking at? No 401K at work
I should mention that I have some very minor self-employed income (around 2K for the year) which will mostly really be a negative amount after expenses.
I am really not savvy with all the different Tax situations, and my accountant is decent but wasn't much of help on this questions.
Any advice appreciated
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