You can legally pay less in taxes If you plan for claiming deductions and credits.
THE CURRENT FEDERAL income tax brackets range from 10% to 37%, but you can get away with paying less in taxes if you're smart about claiming deductions and credits.
Generally, there are more opportunities for self-employed workers and business owners.
However, there are still a number of ways for wage earners to lower their tax liability.
Tax credits and deductions can change regularly though, and the Tax Cuts and Jobs Act of 2017 eliminated some popular deductions and limited others.
Therefore, it is important to tax plan regularly to legally reduce your tax burden and avoid any unpleasant surprises during tax season.
Call Tax Office & Associates™ at 1-800-734-1981 or 707-285-7105 to schedule a tax planning consultation to determine the best course of action for your tax situation.