When I started my firm in 2016, our household income went to $0.
Being the financial planner I am, my mind went immediately from “we have no income” to “oooh, what kind of tax strategies can I take advantage of this year?” One of the decisions we made was around charitable contributions.
A curious thing is happening when big tech companies, like Lyft and Uber, go IPO nowadays. I mean, aside from the fact that their stock immediately starts losing value…although that figures into my point, which is:
Welp, you’ve done your taxes. At least, I sure hope you have.
In this here blog post, I wish not to look backwards and cast aspersions at the IRS or the Trump Administration or your company’s HR department (although lord knows, at times they’ve all deserved it…some more than others). Instead I want to show how you might use your 2018 tax return to make your ongoing finances better.
- What Is a Backdoor Roth IRA (Contribution)? Should I Do it? How Do I Do It?
- I Just Received My Open Enrollment Benefits Booklet. Am I Actually Supposed to Read This Thing?
- Meg’s Musings: Your Spending Doesn’t Affect Just You.
- Should I withhold 22% or 37% on my RSUs when my company goes public?
- Maybe want to have kids some day? Start thinking about your fertility now. No, it’s not too early.