Quote:
Originally Posted by cjd
I've needed my withholding the same since my wife lost her job. That was May 2019... So many interviews. Even more time prepping and writing thank yous and applying. She should be paid for all that hard work,or at least hired...
Taxes still a mess.
Shit. Reminds me I need to buy+sell some stock options. Make taxes even weirder. But maybe gross income will be "normal" for the two of us and it won't bump me a bracket if I do it this year.
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Yeah, our situation is a bit different. My wife has some confidence issues we need to overcome, so we aren't likely to be dual income for a while at least.
Brackets are graduated though. They only apply to the money in excess of the lower limit of the bracket. So if it bumps you over slightly the higher rate should only apply to the amount you are over. Paying less taxes at the end of the day is better, but if it's the right time to sell, it's the right time to sell. I'd be more concerned about what's long term capital gains vs short term myself.
<<(Not a tax professional or financial advisor)