How to Cut Taxes by Half

Cutting your taxes by half is an ambitious goal, but with strategic planning and a strong understanding of tax laws, it can be possible to significantly reduce your tax burden. Here are several effective strategies to help you lower your taxes, potentially by half:

1. Maximize Retirement Contributions

Contributing to retirement accounts, such as a 401(k) or IRA, can significantly reduce your taxable income.

• 401(k) Contributions: The IRS allows you to contribute up to $22,500 (for individuals under 50, or $30 . . .
  

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