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15 Legal Secrets to Reducing Your Taxes [Yahoo! Finance News]

CBIZ, Inc. (CBZ) 
Last cbiz, inc. earnings: 2/20 06:30 am Check Earnings Report
US:NYSE Investor Relations: phx.corporate-ir.net/4h1u.url
The current federal income tax brackets range from 10% to 37%, but you can get away with paying less in taxes if you're smart about claiming deductions and credits. "There's more opportunities, in general, for self-employed workers and business owners," says Luke Sotir, a financial professional with Equitable visors in the greater Boston area. However, there are still a number of ways for wage earners to lower their tax liability. Tax credits and deductions can change regularly though, and the Tax Cuts and Jobs Act of 2017 eliminated some popular deductions and limited others. "Certainly, it's a moving target," says David Snider, founder and CEO of New York City-based Harness Wealth. As of right now, here are 15 ways to reduce how much you owe for the 2019 tax year: Contribute to a Retirement Account Retirement account contributions are a top tax-reduction tool, as they serve two purposes. Contributions to traditional 401k) "Even if you haven't executed that plan by the end of the yea Show less Read more
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