Current tax provisions expire at end of 2025. Whether the standard reduction goes back down and itemizing becomes beneficial again remain to be seen.

$383.9k is the top end of the 24% bracket for 2024 (filing joint). Common misconception is your entire income gets taxed at the rate for your bracket. Not true; in a progressive tax, only the dollar amount over the limit of a bracket gets additional tax. It’s too late to do much about 2023, but remember if you owe, it behooves you to pay as late as possible.

Here’s the 2023 taxes for married filing joint (use total income from all sources minus standard deduction $27,700):

Over $364,200 but not over $462,500:
$74,208 plus 32% of the excess over $364,200

Over $462,500 but not over $693,750:
$105,664 plus 35% of the excess over $462,500


If you’ve withheld less than that, take the amount you think you’ll owe and throw it in an interest bearing account until April (or longer if you file an extension). If you’ve overpaid, do your taxes immediately upon getting your W-2 to get your refund.