Tax Tips

6 Ways to Lower Your Taxable Income

  • Buy Tax-Exempt Bonds
  • Utilize Flexible Spending Plans
  • Use Business Deductions
  • Give to Charity
  • Pay Your Property Tax Early
  • Defer Some Income Until Next Year

Additional Tax Tips

  • Claim credits for any dependent, no matter what their age.
  • Claim a deduction for business, farm, and rental income (QBI).
  • The standard deduction has increased for 2021!
  • Reduce your taxes by contributing to a qualified retirement plan.
  • E-File is the safest and fastest way to file your taxes.
  • Save for Retirement. Retirement savings are tax-deductible.