Future You
Top Tax Mistakes to Avoid If You Make More Than $100,000
Even those making more than six figures are feeling the squeeze of inflation. Here’s how to make earnings go further come tax season.
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These days, a six-figure salary often doesn’t go as far as expected after taxes and adjusting for the cost of living.
Thanks to the flexibility of remote and hybrid work, high-earners have been moving to lower-tax states such as Florida from expensive cities in New York and California. No matter where you live, though, tax experts say that people who earn more than $100,000 should be generally focused on lowering taxable income.