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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.
Preparing your taxes? Here are more tips:
