Aside from mortgage interest deduction, traditional IRA's, and 401k's what are the ways for a W-2'd twenty something to reduce their tax burden?-- Chris
Work at home credit, Roth contributions, Charity (keep all receipt driving and all). HSA’s, job search costs, State taxes paid etc. Some of them have thresholds and others have phase outs. Lastly, you income, tax bracket and Net Worth play a large role in deductions that are available and techniques that can be utilized.
There are unqiue planning technqiues that we speicalaize in at Orca to take advantage of these vehicles, please contact us for a consolations.
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