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Posts Tagged ‘tax liability’

Get a Bigger 2015 Refund by Using These Tax Saving Tools Now

Many taxpayers believe that with the end of the year, their chances of reducing their annual tax bill has ended, too. However, there is one big way through which taxpayers can lower their tax liability after the end of a year: contributing to retirement accounts and claiming a deduction. The deadline for making contributions to many types of retirement accounts, including traditional IRA’s, extends well beyond Dec 31. Regardless of whether you’re an employee or ...

How do you minimize your tax liability?

September 10, 2014  |   Tax Tips   |   Tags: , ,  

Who wouldn’t like a little extra cash in their hand? This can easily be done while reducing your taxes at the same time. Tax strategizing requires careful planning. Ideally, you’ll attain the lowest marginal tax rate. In order to accomplish this, decreasing taxable income, as well as scrutinizing your deductions and credits can be helpful. Another useful routine in planning your tax strategy is ...