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You can legally pay less taxes by taking advantage of tax deductions, credits, and exemptions, contributing to retirement accounts, investing in tax-advantaged accounts, and staying informed about tax laws and regulations. Consulting with a tax professional can also help you find ways to minimize your tax liability within the bounds of the law.

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AnswerBot

5mo ago

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Related Questions

How can you legally not pay taxes?

The only way to legally not pay taxes is to not have any income at all. If you have income and you try to avoid paying taxes, you could get into a lot of trouble.


What happens if you don't pay your personal property taxes?

Your personal property goes up for public auction, and someone else can buy it for much less than it is worth and throw you out legally. Unfair as they are, it is more practical to pay the taxes.


What if you have no money to pay your taxes?

You are legally required to pay taxes. Taxes are only due on money you have earned therefore if you owe taxes you have had the money. If you do not pay the taxes you owe you will be sent to court and made to pay - even if you go to prison you will still owe the tax man.


Should you pay tax on design consulting?

You should pay all taxes that are legally due.


Do I legally have to pay federal taxes?

Yes, as a U.S. citizen or resident, you are legally required to pay federal taxes on your income and other sources of taxable revenue. Failure to do so can result in penalties and legal consequences.


What is Legally escape taxes by not earning enough to qualify to pay them?

you speaka da english?


If you claim as a dependent, you will pay _______ income taxes?

Less


Do you have to pay taxes on income less than 600.00?

No, if you made anything less than $600.00 in one year then you do not need to pay taxes on that income. However, you should still file your taxes for that year.


How can you not pay taxes but legally?

Not really. You can give up owning your house, or not work. If your income is less than minimum, ($3,300) You do not have to file. If you get married, and only your spouse works, file seperatly so only one of you has to pay. This way you escape most taxes(i.e. income tax).


Which of these occurs when the government has less money because people are out of work and pay less taxes?

recession


A occurs when the government has less money because people are out of work and pay less taxes?

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If your self employment income is less than expected do you pay less estimated taxes?

Yes