2007-08-20 07:37:21 · 5 answers · asked by ElU 2 in Business & Finance ➔ Taxes ➔ Other - Taxes
The answer to this question relates to how you are earning your income. If your income is only from an employer, there are a few limited options. Defer the max amount you can into your 401(k) plan, take advantage of other flex or cafeteria plan items that might be offered.
Otherwise, consider investing in some other opportunities. Buy a small rental property. In the beginning you'll have much more in expenses (from depreciation and other items) and will be able to claim most of on your individual taxes. (See your tax advisor for details.)
It all depends on what you have going on now and what you'd be willing to do in the future.
Good luck.
2007-08-20 08:05:52 · answer #1 · answered by Molly 6 · 0⤊ 0⤋
The closest thing to legal I can think of is to set your withholdings high (but less than 10) to lower your taxes and increase your weekly take-home pay. You will owe the difference come the following April, but at least you delayed paying for a little while and you have use of your money, instead of the government.
2007-08-20 14:59:25 · answer #2 · answered by jirocpa 3 · 0⤊ 2⤋
If you could easily delay paying taxes, don't you think we would all do it?
2007-08-20 14:56:32 · answer #3 · answered by hottotrot1_usa 7 · 0⤊ 1⤋
Pay them on the last possible day that you can without incurring any penalties or interest.
2007-08-20 21:12:39 · answer #4 · answered by Bostonian In MO 7 · 0⤊ 0⤋
401K
Deductible IRA
HSA
2007-08-20 16:28:04 · answer #5 · answered by StephenWeinstein 7 · 0⤊ 0⤋