Smart Money Tip: Reduce Your Tax Burden
Taxes are a big part of our financial life. But there are some things you can do to reduce the amount you pay in taxes, even as your income rises. Are you using tax-advantaged investment accounts and taking advantage of all applicable federal and state deductions and credits?
DO THIS TODAY: Look at your income from last year and see if you can shelter more of it. There is still time to fully fund a Traditional IRA and reduce your taxes.