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What are some of the methods I can use to reduce my income taxes?


I had a high tax liability this year and want to reduce my taxable income.

What are my options all legal of course

Thanks

Have you already contributed to a retirement plan? Contributions to a traditional IRA can reduce your taxable income. The catch-22; once depositing it into an IRA, it will need to remain as retirement funds until retirement or you may pay big penalties to take distributions of the funds.
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