2007-09-20 14:08:29 · 3 answers · asked by Ardy 1 in Business & Finance ➔ Taxes ➔ United States
IRA or 401K. Anything else your employer allows pre-tax.Contributions to charity. Owning a house so you can deduct interest and real estate taxes.
You can invest in tax-free or tax-deferred instruments, but that won't help the tax on the salary, just maybe on investment income.
2007-09-20 14:19:08 · answer #1 · answered by Judy 7 · 0⤊ 0⤋
Make the maximum contribution to your 401k. Get a couple dependants ( each one lowers your taxable income 3300 dollars, and if any are children under 17 you can get 1000 dollars off your tax bill for each as long as you stay under 110,000). You can also take a credit if you have children you pay childcare expenses for, depending on how much you spend.
2007-09-20 14:49:30 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Donate away
2007-09-20 14:25:32 · answer #3 · answered by Smartass 4 · 0⤊ 0⤋