🎯 Goal: Optimize your tax deductions
📊 401(k): Min $10,000 contribution
🏥 Health Insurance: Up to $5,000
🏠 Mortgage Interest: Up to $10,000
💰 Target: Keep tax rate below 20%
- Allocate portions of the $100,000 income to different tax-saving categories.
- Ensure the effective tax rate is below 20%.
Manage your $100,000 income wisely!
Taxable Income: $100000
Effective Tax Rate: 0%