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    OneSolution's Avatar
    OneSolution Posts: 54, Reputation: 1
    Junior Member
    		  
    #1

    Aug 22, 2011, 11:03 AM
    Lowering tax bills
    Hi
    We as a couple make around 105k. We would like to see that what are the options we can have to lower the tax bills. I expect I will end up with 16k tax bill approx

    Besides retirements accounts like 401k, ira... what are my other options I can lower the tax bills. I qualify for standard deduction always and would like to get some expert ideas.

    I donot have medical, charity donations (no big amount) that I can deduct.

    Rent an apartment and no loans.


    Please guide
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

    Aug 23, 2011, 10:57 AM
    Maxxing out your contributions to the 401Ks/IRAs is about the only you can do, short of opening your own business.
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