Got a free offer for TurboTax and saw something new. This may have absolutely nothing to do with the tax program, but it has me wondering what else I'm leaving on the table. This year we are not getting a state joint filing tax credit. Last year we got it, but DW had income over left over vacation and I had some actual earned income... so all was good. This year neither of us had "employer income". We both had investment income which does not seem to count in our state based on the program output. However, my roth conversion does count as income for calculating the joint filing deduction. I have some work to do to figure out what level of roth conversions (or IRA withdraw) will provide optimum joint filing credit.
I admit state taxes vary greatly, so this thread may or may not have real global interest. But my question is what else might I be leaving on the table? I think the PTC has been well discussed with some difference in opinion or choice. This may be local vs global optimization or situational difference. I really don't want to rehash the PTC here. But what else might I be missing? I'm funding our HSA with catch up contributions.
What else changes like this that might cause one to leave money on the table that would not have happened when both were working?
I admit state taxes vary greatly, so this thread may or may not have real global interest. But my question is what else might I be leaving on the table? I think the PTC has been well discussed with some difference in opinion or choice. This may be local vs global optimization or situational difference. I really don't want to rehash the PTC here. But what else might I be missing? I'm funding our HSA with catch up contributions.
What else changes like this that might cause one to leave money on the table that would not have happened when both were working?