Hi,
I am in a tipped position and I earn around $100,000/year including my tips. I know they recently passed no federal income tax on $25k of tips. Not sure how that works yet.
I currently have $24,480.74 long term capital gains for this year. I contribute 20% of my pretax earnings to a 401k, and $2,300 towards an HSA. I also have school loans of $66,000 that will begin to accumulate interest August 1. Is there any way to offset the capital gains taxes for this year? I do not own any real estate.
Any advice you can give me will be helpful.
Thank you,
Suzanne
