- BOOST YOUR INVESTMENT IN YOUR EMPLOYER 401(K) RETIREMENT SAVINGS AND THEN OFFSET THE CONTRIBUTIONS BY INCREASING YOUR WITHHOLDING EXEMPTIONS SO THAT “LESS” FEDERAL AND STATE INCOME TAX IS WITHHELD.
- MAXIMIZE INVESTMENT IN AN IRA (INDIVIDUAL RETIREMENT ACCOUNT)
- BUSINESS OWNERS SHOULD CREATE AND INVEST IN A SEP (SIMPLIFIED EMPLOYEE PENSION PLAN), UTILIZE THE HOME OFFICE DEDUCTION
- EARN TAX-FREE INCOME BY INVESTING IN TAX FREE BONDS, CONTRIBUTE TO A STATE TUITION PLAN FOR CHILDS EDUCATION, OPEN A HEALTH SAVINGS ACCOUNT, UTILIZE EMPLOYER BEFORE TAX BENEFITS (MEDICAL, DAY CARE, ETC.)
- TAXPAYERS WHO ITEMIZE DEDUCTIONS SHOULD “GO GREEN” BY INVESTING IN ALTERNATIVE ENERGY FOR YOUR HOME, MAKE CHARITABLE CONTRIBUTIONS, KEEP RECEIPTS FOR JOB HUNTING AND EMPLOYEE EXPENSES NOT REIMBURSED.
