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## Financial Strategy Discussion

Hello everyone,

I am a 25-year-old individual with an annual pre-tax income of approximately $60,000. For the past 2.5 years, I have been meticulously saving and investing, living well below my means. This disciplined approach has enabled me to contribute significantly to a diverse portfolio of investments while forgoing the purchase of a car to allocate extra funds towards my financial goals.

Recently, I experienced substantial gains in the crypto markets, realizing approximately $25,000 in profits before taxes. Seizing this opportunity, I decided to capitalize on the bullish market conditions by selling off some of my more aggressive holdings. I intend to utilize these profits to purchase the car of my dreams: a Tesla Model 3, a goal I have harbored since embarking on my professional journey post-college.

In my research regarding the eligibility criteria for the EV tax credit, I discovered that one of the requirements is having a modified adjusted gross income below $75,000. Given that my income for this year currently stands at $85,000, I am contemplating ways to potentially qualify for the tax credit. One strategy I am considering is maximizing my contributions to my 401k and HSA, as I understand that these contributions can be deducted from my modified adjusted gross income.

In light of this, I am planning to liquidate an additional $5,000 in crypto assets to fully maximize my 401k and HSA contributions for the first time. Typically, I contribute 10% of my salary to these accounts and also receive an employer match.

I seek advice and feedback on this proposed strategy. Do you believe that my plan to reduce my modified adjusted gross income through increased contributions to my 401k and HSA is viable for qualifying for the EV tax credit? Additionally, I would appreciate insights on whether this decision aligns with my overall financial goals and objectives.

Thank you for your input and guidance!

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