<prompt> Human: Hello PF. I received a large raise effective immediately. My salary went from 78000 to just over 6 figures. I am very concerned with my upcoming tax burden. I am a home owner with 12 years left on a 15 year mortgage 125000 left. I contribute 6 and get matched that percent by my company. Is there something else I can be doing to reduce the tax burden? I claim no other exemptions.  <response>: Maybe youre not aware of progressive taxation and tax brackets?The first 78,000 dollars you earn next year will, roughly speaking, be taxed exactly the same as theyve always been. The dollars you earn beyond that will be taxed at a slightly higher rate.You will pay more tax, yes, but you will also have more after-tax money. 