I recently got promoted and now with my spouses income we make close to 200k per year. Leaned that our small loss on rental is no longer a tax write off. We can no longer invest in our Roth IRAs. Can someone point me in the right direction where I should be researching investment options that will also create a tax break? We are getting killed now at tax time and I'm now living in a different income bracket that has removed the few vehicles we once enjoyed.
Thanks in advance!
PS I should add that my wife and I currently max out our work TSA/401k and have 529 plans for both our kids. Outside of that, our money sits with a rental condo and cash.
Thanks in advance!
PS I should add that my wife and I currently max out our work TSA/401k and have 529 plans for both our kids. Outside of that, our money sits with a rental condo and cash.
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