Go Back   Site Owners Forums - Webmaster Forums > Intro Zone > Introduction Area

Notices


Reply
 
Thread Tools Rate Thread Display Modes
Old 01-12-2017, 05:11 AM   #1
poconnor
Registered User
 
Join Date: Oct 2015
Posts: 440
3 ways to Reduce your Property Tax

The objective of tax planning is to fix up your financial affairs so as to minimize your taxes. The three basic ways to reduce your taxes, and each basic method might have several variations.

Reducing Income

Adjusted Gross Income (AGI) is a key element in determining your taxes. Lots of other things depend on your AGI (or modifications to your AGI)-- such as your tax rate and various tax credits. AGI even impacts your financial life outside of taxes: banks, mortgage lenders, and college financial aid programs all routinely ask for your adjusted gross income. This is a key measure of your finances.

Because your adjusted gross income is so important, you may want to begin your tax planning here.

Increase Your Tax Deductions

Taxable income is another key element in your overall tax situation. Taxable income is what's left over after you have reduced your AGI by your deductions and exemptions. Almost everyone can take a standard deduction, and some people are able to itemize their deductions.

Itemized deductions can include expenses for health care, state and local taxes, personal property taxes (such as car registration fees), mortgage interest, gifts to charity, job-related expenses, tax preparation fees, and investment-related expenses.

The best strategies for reducing your taxable income is to itemize your deductions, and the three biggest deductions are mortgage interest, state taxes, and gifts to charity.

Take Advantage of Tax Credits

Once we've tweaked our taxable income, focus on our attention on various tax credits. Tax credits reduce your tax. There are tax credits for college expenses, for saving for retirement, and for adopting children.

The best tax credits are for adoption and college expenses. There are two education-related tax credits. The Hope Credit is for students in their first two years of college. The Lifetime Learning Credit is for anyone taking college classes. The classes do not have to be related to your career.

One of the best, and most abused, tax credit is the Earned Income Credit (EIC). The EIC is credited to your account as a payment. And that means the EIC often results in a tax refund even if the total tax has been reduced to zero. You may be eligible to claim the earned income credit if you earn less than a certain amount.

Increase Your Withholding

You can avoid owing at the end of the year by increasing your withholding. More money will be taken out of your paycheck throughout the year, but you will get bigger refund when you file your taxes.
__________________

To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.

To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.


To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.


To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.
poconnor is offline   Reply With Quote

Old 01-13-2017, 12:05 AM   #2
Mr.Yoso
Registered User
 
Join Date: Jun 2015
Location: Singapore
Posts: 600
Hi Poconnor, It would be great if you introduce yourself first, instead of posting a content and its best to submit this post to article submission sites.
__________________
The world's trusted
To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.
Mr.Yoso is offline   Reply With Quote
Old 01-14-2017, 10:54 AM   #3
lan anh
Registered User
 
Join Date: Jan 2017
Location: Việt Nam
Posts: 13
welcome to the forum
__________________
TRANG
To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.
miền bắc siêu chuẩn giúp các bạn vào bờ cùng
To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.

Và Hơn Nữa
To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.
là nơi cung cấp cho bạn những con số may mắn!
lan anh is offline   Reply With Quote
Old 01-24-2017, 12:08 AM   #4
AISMO
Registered User
 
Join Date: Jan 2017
Posts: 110
Hi, welcome to the forum.
__________________

To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.
,
To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.
,
To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.
,
To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.
,
To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.
,
To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.
AISMO is offline   Reply With Quote
Old 06-15-2017, 02:33 AM   #5
padgettcalgary
Registered User
 
Join Date: Jun 2017
Location: Calgary
Posts: 18
Hire a tax professional. Save yourself time, money and aggravation.
__________________

To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.

Last edited by padgettcalgary; 06-15-2017 at 03:14 AM..
padgettcalgary is offline   Reply With Quote
Old 06-17-2017, 10:09 AM   #6
banhuhoian
Registered User
 
Join Date: Jun 2017
Location: http://sellcvvgood.net/
Posts: 225
Your review is good , i like it
banhuhoian is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes Rate This Thread
Rate This Thread:

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT -7. The time now is 09:09 AM.


Powered by vBulletin Copyright © 2020 vBulletin Solutions, Inc.