Hey I mostly lurk these forums for information, but now I need some help!
I am about to reserve my Model S (want to take delivery around/after next Christmas). I am a 24 year old just recently graduated student that makes about 33,000 a year. I'm going to pay 90-100% cash for my Model S. However, I am one of the few people that isn't going to have 7500 dollars in tax liability no matter what.
Beyond maxing out my deductions and selling all my Tesla stock I bought at the IPO (at hopefully a profit) and that being taxed, is there anything else I can do that will benefit me and raise my tax liability?
Believe it or not, if you Google "how to raise your tax liability" there's not a lot of articles I am married, but my wife is an engineering student that won't really be making money (she is on full ride scholarship+financial aid).
Any ideas for me to research?
P.s. I saved the money by riding my stupid bicycle up the hills of Seattle my entire college life, and not blowing it on booze. Cheap to the extreme. I don't want to buy a stupid house, because I prefer living in a small apartment and not hog natural resources (and a house doesn't go 0-60 in 4.4 seconds.
I am about to reserve my Model S (want to take delivery around/after next Christmas). I am a 24 year old just recently graduated student that makes about 33,000 a year. I'm going to pay 90-100% cash for my Model S. However, I am one of the few people that isn't going to have 7500 dollars in tax liability no matter what.
Beyond maxing out my deductions and selling all my Tesla stock I bought at the IPO (at hopefully a profit) and that being taxed, is there anything else I can do that will benefit me and raise my tax liability?
Believe it or not, if you Google "how to raise your tax liability" there's not a lot of articles I am married, but my wife is an engineering student that won't really be making money (she is on full ride scholarship+financial aid).
Any ideas for me to research?
P.s. I saved the money by riding my stupid bicycle up the hills of Seattle my entire college life, and not blowing it on booze. Cheap to the extreme. I don't want to buy a stupid house, because I prefer living in a small apartment and not hog natural resources (and a house doesn't go 0-60 in 4.4 seconds.
Last edited: