For many Americans, seeing a tax bill coming due can be overwhelming or downright scary. While you can't change the amount due at the time of filing, tax experts at Jackson Hewitt have a list of suggestions filers can review that could help reduce future tax bills.
What can I do to lower my tax bill?
- Increase your IRA contributions. This year, filers have until tax day to make IRA contributions.
- Start thinking about taxes throughout the year, especially as we approach the midway point and year-end.
- Consider a mid-year and year-end tax projection to see where you stand and make changes to plan better.
This tax advice is brought to you by our partner Jackson Hewitt.
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