Re:Booking.com gives €28m in bonuses to three top execs; Too...
by novok on Monday May 31, 2021 @03:04PM
(#27347179)
You can't deduct state & property taxes beyond $10k anymore, that deduction has been neutered significantly.
Charitable donations are not a tax dodge scheme for even the people who make $500k/yr, it's way too complicated and expensive to make it a vehicle to direct tax free spending. As an estate tax dodge, yes it is a thing, but again, many high income people don't have $5mm sitting around where that becomes a good idea too.
Theft is also not a reliable tax deduction, and if it was, it would be fraud! And you just lost something!!! I assure you the vast majority are not doing this.
So please, tell me what actual tax deductions you can take as a high income W2 employee that is actually significant
Charitable donations are not a tax dodge scheme for even the people who make $500k/yr, it's way too complicated and expensive to make it a vehicle to direct tax free spending. As an estate tax dodge, yes it is a thing, but again, many high income people don't have $5mm sitting around where that becomes a good idea too.
Theft is also not a reliable tax deduction, and if it was, it would be fraud! And you just lost something!!! I assure you the vast majority are not doing this.
So please, tell me what actual tax deductions you can take as a high income W2 employee that is actually significant