Ma ra mero budi milera sala khala $100,000.00 plus kamauchau. Baccha aani ghar pani chaina aaile samma. Education loan ko aali aali interest deduction aani charity ho. Aaani 401(K) ra flexible spending ma dherai nai rakhe ko chu. Arru ke ke garna parla next year ko tax ma paisa bachuna lai? Yo barsa exemption / allowance zero rakheko thiye state ra federal dubai ma, tei pani uultai tax trina parne bhako cha. Suggestion cha kei? Aaba ghar na kini baccha na pai kei uupaye cha jasto lagena natra ta dherai paisa kamauda sabai govt lai tirna parne hudo raicha.

Somya,

Which state r u in? And what is your status? If you have put exempt then i guess you need to pay tax but depends upon your status(J1,F1) which may not need to pay more tax.

I don't think you can run away from IRS. Best way to keep your record clean is: pay the taxes according to the law. What the heck problem for you in paying taxes, if you're making over $100,000.00. Binas Kale Biparit Buddhi.

 

Somya_465  did u know that if you don't use your flex money...then its gone, it does not get rolled over to next year. so only keep on flex the minimum you use...i would say put the maximum allowed on 401K, which is $16,500 for each individual...so together you can add about 33K in 401 K...

401K is an investment. Hence, keep in mind that you may get no return. You may end up getting $0 instead of 4 million or 8 million. There are many cases that people have lost all of their invested money in 401K.

Ma ra mero wife citizen ho, IRS lai thagna kojeko pani hoina. FSA, 401(K), retirement, home, and kids bahek aaru kei option cha ki bhanera matrai bhujna kojeko ho. I know how flex work, thanks for the tips about 401K nepalchoro2008. I totally understand that 401K has all kind of risk but I don’t think I will ever pull out just considering what happened in 2008. True investor for retirement,  I believe should invest in future, never pull out, look at the return for a decade or more, always rollover 401(K) if job situation changes, start today and contribute as much as you can, and most of all diversify and at least take the employer match (free money).
Any more suggestions to save taxes?

Pay what you gotta pay.....remember you can never get away from tax and death in US..............They will make you pay what you owe......believe me........

Somya_465 ji,

Professional assistance re, jo pani paisa thagne... I don't think I will ever pay anyone to do my taxes when I have so many free resources and sajha helpers. Free suggestions are welcome.
Thanks for the suggestion about itemizing though, I don't have enough items to go beyond the standard deduction. All tax softwares recommends me to take strandard deduction for maximum return.

I suggest you hire an accountant (especially desi); they'll help you fill your tax return and will also try to help you capitalize maximum return. the reason i am suggesting is that Income Tax in the US has the most complicated laws and loopholes which we don't know know how to implement in your tax return and maximize return legally.

accountant will probably cost you around 100-200 bucks.