Worried About a Large Tax Bill This Year? 4 Ways to Lower It
If there's one thing most Americans can agree on, it's that paying taxes is a drag. And with millions of filers still getting used to the changes brought about by the 2018 tax code overhaul, many worry that despite their best efforts, they'll wind up owing the IRS money during tax time. If that's a concern for you, here are a few strategic moves to consider.
The more money you set aside for retirement, the easier it'll be to pay your bills during your golden years. But that's not the only reason to aim to max out your retirement savings plan, or get as close as possible. The more money you put into a traditional IRA or 401(k), the more of your income you shield from taxes.
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Source Fool.com
