Single. SDE1. H1B Visa holder
Social security and Medicare wages - 133783.19
Wages, tips, other comp - 128501.51
Federal Tax - 21398.93
SSN - 8294.56
Medicare - 1939.86
I have invested in
Roth IRA,
401K - 4% of base pay(company matches only upto 4%)
FANG stocks
I don't have any other investment plans right now. I feel like I am paying too much tax. Could someone please let me know what can I do to save some tax?
TC - 140K
#personalfinance #investments
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comments
Max out 401k. It is about 20k. If Amazon has it, you can do mega back door 401k. Doesn’t help with tax now, but your future gains aren’t tax
And there's nothing we can do that can significantly reduce your taxes.