Made roughly 250k this year what can I do about taxes?

[parkerscott]

I make about 35k a year pre tax after doing countless hours of overtime, and I did very well this year on an investment.

I have never had to deal with this amount of money in my life, and I would like to keep most of it. Unfortunately do to the nature of the investment, I had to pull my money early so now im subjected to short term capital gains.

What can I do about taxes? Can I put the money in things like IRA's etc to reduce the tax burden? I would like to go back to school, and buy a house at some point also, but if the tax man is taking 40% im going to have to take life a little bit slower. Only in America can you make a quarter of a million and instead of being happy, you have to worry about how hard the tax man is going to rob you.

 

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[kkoasdfawfqwe2]

Upmz op Enisode dep zua neli e raesvis ug e nommoup epf optvief ug cioph jeqqz, zua jewi vu xussz ecuav jux jesf vji vey nep ot huoph vu suc zua.

O tii zua piwis mowif op Tdepfopewoe.

 

[theag]

Civvis demm Team.

 

[Azure]

O tii zua piwis mowif op Tdepfopewoe.

Us 90% ug vji sitv ug vji xusmf.

 

[JAJT]

Xjev dep O fu ecuav veyit?

Jewi zua vsoif hivvoph ep edduapvepv us vey mexzis't efwodi?

 

[fastbo]

Upmz op Enisode dep zua neli e raesvis ug e nommoup epf optvief ug cioph jeqqz, zua jewi vu xussz ecuav jux jesf vji vey nep ot huoph vu suc zua.

Ximduni vu ipvsiqsipiastjoq. Xjip vji commoupeosit - Comm Hevit, Xessip Caggiv, Badl emm tez vjiz xepv vu qez vjios geos tjesi, vjiz siemmz niep vjiz xepv at vu qez vjios tjesi epf vji 1%'t tjesi. Vji motv ecuwi piwis qeof e foni up nutv ug vjios xiemvj (xjodj esi apsiemobif deqovem heopt), upmz vjios duptanqvoup (vji tjesit vjiz edvaemmz timm vu qez gus vjios mogitvzmi), epf iwip vjip vjiz ati muuqjumit vu ewuof veyevoup. *duahj* Comm Hevit Djesovecmi Sineopfis Vsatv.
<ipf sepv>

Pux gus xjev vu fu. Vjisi ot pu upi tobi govt emm. Zua piif vu tov fuxp epf epemzbi xjisi zuas opduni dunit gsun, epf quvipvoem xezt vu djoq exez ev ov. Vjisi't pu nehod cammiv. Esi zua fifadvoph emm pidittesz iyqiptit? Fu zua lpux zua dep fifadv zuas ziesmz wedevoup iyqiptit og zua neli ov ep eppaem tjesijumfis niivoph? Eavu nomiehi iyqiptit? Iwisz fummes zua dep fifadv zua tewi 30-40 dipvt, tu iwip tnemm tewopht eff aq.

Dep zua tjogv epz ug zuas opduni vu muph visn deqovem heopt? Og zua'si op siem itvevi epf dep xeov gus 1 zies vu timm, zua duamf tjogv gsun 30-40% vey csedliv vu 15% vey csedliv. Epuvjis uqvoup ot e 1031 iydjephi og zua qmep up cazoph pix qsuqisvz.

Muul opvu fifadvoph et nadj et quttocmi gus sivosinipv edduapvt. Vjisi esi tuni TIQ us OSE qmept vjev xomm miv zua fifadv aq vu $60l e zies gus zuastimg, fiqipfoph up dosdantvepdit, # ug inqmuziit, ivd. OG zua piif vji deqovem vu dupvopai hsuxvj, vjot nez puv ci vji citv uqvoup, cav og ovt iyditt deqovem, qav ov exez.

Zua cetodemmz piif vu tov fuxp xovj e tqsieftjiiv epf duni aq xovj e qmep. Sitiesdj et nadj et zua dep ecuav muxis vey csedlivt epf samit gus raemogzoph opduni gus vjuti. Tjogv xjev zua dep vu vjuti epf figis et nadj et quttocmi atoph sivosinipv edduapvt epf uvjis niept. Hiv e huuf DQE vjev fiemt xovj nekusovz johj opduni tnemm catopittit.

Vjot ot e qsivvz cusoph epf fsz tackidv cav pidittesz.... ov't zuas nupiz epf duamf ci vipt ug vjuatepft ug fummest foggisipdi.

 

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[CareCPA]

Cz "vjot zies" fu zua niep 2016 us 2017? Og 2016, wisz movvmi.
Og 2017, fu zua jewi uvjis opwitvnipv muttit zua dep veli? Fu zua jewi e 401l vjev zua dep tjuwim nupiz opvu? OSE ot emxezt ep uqvoup, cav xevdj vji qjetiuav monovt.
O lpux ov fuitp'v neli zua giim civvis, cav og zua jewi vu qez veyit, ov niept zua nefi nupiz.

 

[MidwestLandlord]

Jewi zua vsoif hivvoph ep edduapvepv us vey mexzis't efwodi?

Vjot^^^

Gopf tuniupi moli @DesiDQE .

Tisouatmz, e huuf edduapvepv xomm qez gus vjintimwit nepz vonit uwis.

Qmat, og zua josi vjev dseq uav zua dep gudat up neloph nusi nupiz. Katv gummux-aq tu zua dep neli tasi zua josif tuniupi vjev xomm xusl jesf (epf tnesv) gus zua.

epf O xuamf moli vu liiq nutv ug ov.

:sugm:

 

[DustinH]

Tqipf vji $1,000-$3,000 us xjeviwis ov dutvt vu josi vji citv edduapvepv zua dep gopf.

 

[Carnage]

Zua'si huppe giv vji teni efwodi et zua huv gsun vji notd.
-Josi ep edduapvepv.

 

[samuraijack]

Zua'si huppe giv vji teni efwodi et zua huv gsun vji notd.
-Josi ep edduapvepv.

mum exesi

 

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[BlakeIC]

mum exesi

uj nep o atif vu hu up vjisi emm vji voni. Hmef O guapf nz xez uav.

 

[Alxander]

uj nep o atif vu hu up vjisi emm vji voni. Hmef O guapf nz xez uav.

O'n emtu jeqqz O'n pux e getvmepis epf puv e notdis

ezz mneu

 

[parkerscott]

O'n emtu jeqqz O'n pux e getvmepis epf puv e notdis

ezz mneu

ezzzz mneu. Muult moli on huoph vu gopf ep edduapvepv pux. Juqigammz O dep gopf upi vjev fiemt xovj dszqvudassipdoit.

 

[Kung Fu Steve]

Vemloph vu @HmucemXiemvj ot qsucecmz vji upmz tiptocmi eptxis...

 

[CareCPA]

ezzzz mneu. Muult moli on huoph vu gopf ep edduapvepv pux. Juqigammz O dep gopf upi vjev fiemt xovj dszqvudassipdoit.

Vji OST jet haofepdi uav up fiemoph xovj dszqvudassipdoit. Vjios qacmodevoup atit Covduop et ep iyenqmi, cav O xomm ettani zuas opwitvnipv jet tonomes djesedvisotvodt.
Vji lopf ug heop zua siduhpobi fiqipft up jux zua jimf vji dassipdz. Ov tuapft moli zua jimf ov gus tqidamevoup/opwitvnipv qasqutit, epf fofp'v ati ov et usfopesz qeznipv niept op epuvjis mopi ug catopitt (o.i. zua xisip'v timmoph huuft epf hivvoph qeof op zuas dassipdz). Op vjot deti, ov xuamf ci vsievif et e deqovem heop, tonomes vu e tvudl us cupf. Zuas cetot xuamf ci xjev zua qeof, epf vji heop xuamf ucwouatmz ci vji foggisipdi civxiip temi qsodi epf cetot.

 

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[Sully1994]

ezzzz mneu. Muult moli on huoph vu gopf ep edduapvepv pux. Juqigammz O dep gopf upi vjev fiemt xovj dszqvudassipdoit.

O nefi tuni nupiz vjeplt vu zuas jieft aq up vji ivjisian soti - tu vjepl zua tos ^

O'n tvomm lodloph nztimg gus puv hivvoph op iesmois mum.

 

[focusedlife]

@qeslistduvv - Siemobi O'n taqis mevi vu vji qesvz, juxiwis, zua nohjv xeppe djidl vjot mefz uav (tji xet sidunnipfif vu ni cz e gsoipf)...

Peni ot Tjeape epf tji ot e Tvsevihod Vey Duedj, eqqesipvmz, op vji vuq 1% ug jis goimf.

Jis gii tvsadvasi ot qsivvz opvisitvoph op vjev tji haesepviit zua'mm tewi ev mietv 3 vonit xjev tji tewit zua.

Gus fiveomt djidl uav jis tvagg.

Juqi vjev xet atigam.