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| *Loan,banking and credit>>>income tax |
If I made $272,000 income last year, what avenues can i use to reduce my taxes? |
If I made $272,000 income last year, what avenues can i use to reduce my taxes? look for simple reductions did you pay for work expenses child care education (classes or student loan interest) tags for your vehicle House taxes Ira charity Stock losses Medical expenses (include some HMO Prem.) and if all else fells, next year you can donates some to me. The short answer is charity. definitely donate to charity, or give old clothes to goodwill and over-appraise them, and also depending on what you do, dont forget your business-related purchases. Those are always deductable Open an IRA and put in the maximum amount allowed. If you have kids under the age of 18, you can also open up IRAs for their college funds and donate the maximum amount, and all of that money will not be taxed. That should save you some trouble. If you make that much just pay your taxes so the rest of us that need it can get a break. go to a finasual planer. they should be able to help alot. i do know that you dont have to clame as incom the money kyou put into an indevidual retirement account. their is a limit to how much you can put in. Start a home base business. Here is a web site that might help you and others. www.x-tremejuice.com |
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