Originally Posted by
e6bpilot
I have just decided to adjust my withholding down (not exempt since I don't want to pay penalties) and then see where I need to go from there in March. I have also decided to hire a tax professional and a money "guy" and stop being a DIY sucker. Seeing how much I paid the government this year (spent the full year as a captain who flies a little extra, not a lot) has made me realize that in looking around for the sucker, he was sitting right here all along. I am paying my marginal rate on my straight income like an idiot when I could be avoiding at least some of this and probably putting it into an investment that is going to net me something later.
I think I am officially in the "first world problems" era of my life.
I can’t beat the standard deduction. Gonna go pretax on the 401k vs Roth this year. If I did my math correct I’ll overpay $6-7k on the 2/20 check. If I go exempt on the 3/5 that should eat most of that. Then I can tweak the withholding so they pull a little less out of the next check or two and should be close enough. I don’t have a business or anything where I can fudge the numbers enough to make any kind of difference. I’m officially to the “pay an assload of taxes” era of life. Lol…First world problems.