answersLogoWhite

0

How do you save taxes?

Updated: 8/17/2019
User Avatar

Wiki User

13y ago

Best Answer

Your ability to take certain deductions, or use certain programs (like an IRA, etc) is entirely situational.

Do not confuse saving taxes, as in the amount you eventually pay, as the amount you pay as an estimate of what you ow, generally done by having an amount withheld from your paycheck. The amount withheld is entirely in your control, and may be more or less than you actually pay or owe.

User Avatar

Wiki User

13y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: How do you save taxes?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What is the amount of income individuals have after they save and pay their taxes?

= the amount of income individuals have after they save and pay their taxes? =


Can you deduct the loss on your 401k on your taxes?

No, this is the offset of not having to pay taxes on 401K profits. Save


Should you get married sooner to save on taxes if you have a choice?

Marry for love, after a good long engagement.Marrying to save money on taxes will be the SINGLE MOST EXPENSIVE THING you will ever do.


Which of these is the amount of income individuals have after they save and pay their taxes?

Disposable income


What taxes are there?

There is a tax on almost everything you buy, sell, earn or save.


When old people die why do they save money?

Because they no longer pay taxes...lol Dead people don't save anything but air.


What You Should Know About Filing Your Own Taxes?

It is always a good idea to save money on filing fees by filing your taxes yourself. However, if you are not careful, you could end up costing yourself more money. Seeking tax advice from a professional is always a good idea. They may know about loopholes and programs that you are not aware of. They could save you money on your taxes and save you a great deal of stress as well.


Where can you buy a asthma machine?

You can buy it at your local Pharmacy/ Chemist.With a prescription you may save Taxes


Which country has cheap gold?

Arab countries may be you will save taxes nothing more than that..


Does free federal tax filing really save you money?

In many cases doing your own taxes can save you money since you are not paying a professional to fill in the paperwork for you. For most Americans, filing your own taxes is a fairly simple process and can be accomplished with few problems.


What is 401 k plan?

A 401K plan is a retirement plan that you can save with that is sponsored by your employer. It allows workers to save and invest their paycheck prior to taxes being taken out.


What is the price of Turbotax deluxe software?

Turbotax deluxe software is purchasable for $39.95. It is a helpful tool to save money on your taxes, rather than paying a CPA to do them for you. You have the power to do your own taxes.