Recently I received a promotion and increase in pay. Effective 11/1 I will have an annual salary of 90K + 25% bonus contingent on some performance factors. I work in the hotel business.
I’ve never used a tax professional and I understand that might be forbidden but I want to take taxes serious as I increase my salary and grow my career. I want to take advantage of tax savings available; however, I understand there may not be any because my salary isn’t substantial.
What should I do in 2023 to ensure I’m positioned to benefit the most within the current laws? I live in Arizona.
Anything else I should know is super helpful.