asked
I need help figuring out what I should pay in 2018 estimated taxes. I file married filing jointly and am the only income earner. I am a partner in an LLP with a gross income of $346,000, AGI of $332,500 after subtracting half of my SE Tax, and I plan to take the standard deduction of $24,000. My taxable income is $308,500. What will be my tax before SE tax is added, and is the 199a deduction subject to AMT? Additionally, if my taxable income exceeds $315,000, is there a formula for the phase-out, and could my after-tax income be lower than if I made $314,999?
March 27th, 2023
Do the new tax changes passed in Congress affect the taxes I'm filing in April?
December 15th, 2024
Is there a penalty exception for a divorced spouse receiving the other spouse's retirement distribution as part of the divorce?
February 19th, 2024
Can I claim a credit for geothermal units installed in each of our two houses, as TurboTax only allowed me to claim the credit on one?
June 18th, 2023
How would leasing commercial fishing rights affect our social security payments?
August 5th, 2024
As an H1B holder and a partner in a friend's LLC with no income last year, do I need to file a Form K1, and can I claim any losses on my personal tax return without it being seen as active employment?
November 5th, 2024