Tax Reduction Strategies

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Tax Reduction Strategies – This is a place for the community to provide tips and advice on Tax Reduction Strategies. This topic was created by brett eden and the tips are provided by the community. The tips you add here can be your own or referred from another site. The best tips are then ranked at the top when up-voted by members of the community.

Tip 1 - 17 Legal Secrets to Reducing Your Taxes

Published: 9 years, 4 month(s) ago | Submitted by Ervin Bez | permalink

You can save a lot of money on your taxes if you follow these steps.
Tags: retirement,tax deductions,income tax,money,Best You: Saving & Spending,Barbara Friedberg,taxes,investing

For further reading: http://money.usnews.com/money/blogs/the-smarter-mutual-fund-investor/2014/03/11/17-legal-secrets-to-reducing-your-taxes ^[1]

Tip 2 - Ways to Save on Taxes All Year Round

Published: 9 years, 4 month(s) ago | Submitted by Leo Todd | permalink

If you managed to claim every possible tax break that you deserved when you filed your return this spring, pat yourself on the back. But don't stop there. Those tax-filing maneuvers are certainly valuable, but you may be able to rack up even bigger savings through thoughtful tax planning all year round. The following ideas could really pay off in the months ahead.
Tags: do it yourself tax savings, tax breaks, tax deductions, diy tax savings

For further reading: http://www.kiplinger.com/article/taxes/T055-C000-S001-71-ways-to-cut-your-tax-bill.html ^[2]

Tip 3 - Slash Your Taxes All Year Long

Published: 9 years, 4 month(s) ago | Submitted by Galina Toloknova | permalink

Start now, and stay diligent. - Roy Lewis - None

For further reading: http://www.fool.com/personal-finance/taxes/slash-your-taxes-all-year-long.aspx ^[3]

Tip 4 - 10 Year-End Tax Strategies

Published: 9 years, 4 month(s) ago | Submitted by Augustus Brown | permalink

Tax Collectors At Work (Painting Credit: Marinus von Reymerswaele You’ve got two months left for tax tricks. The objective is to either lower your taxable income or push it into lower brackets. One item on my list has to do with lowering estate taxes. There are two ways to reduce your taxable [...]
Tags: Bonds,ETFs,Investing,Personal Finance,Retirement,Taxes

For further reading: http://www.forbes.com/sites/baldwin/2013/11/01/10-year-end-tax-strategies/ ^[4]

Tip 5 - How to Pay No Taxes: 10 Strategies Used by the Rich

Published: 9 years, 4 month(s) ago | Submitted by Osmar Luis | permalink

A look at the shelters, dodges, and rolls—all perfectly legal—favored by America's wealthiest people
Tags: IRS,tax day,tax deductions,tax loopholes,tax shelters,tax strategies,Taxes

For further reading: http://www.bloomberg.com/bw/articles/2012-04-17/how-to-pay-no-taxes-10-strategies-used-by-the-rich ^[5]