Ask Experts Questions for FREE Help !
Ask
    nigam2012's Avatar
    nigam2012 Posts: 33, Reputation: 2
    Junior Member
    		  
    #1

    Mar 5, 2012, 12:15 AM
    What can I do to reduce my taxes for 2011
    I am looking for options that I can take right now to reduce my taxes. Anybody has suggestions? Highly appreciated.

    Thanks
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
    		  
    #2

    Mar 5, 2012, 04:28 AM
    Such strategies should have been taken in 2011. There is little you can do now but use all the deductions and credits you are legally entitled to. One thing you can do, I believe, is make a contribution to a IRA before 4/15.
    nigam2012's Avatar
    nigam2012 Posts: 33, Reputation: 2
    Junior Member
    		  
    #3

    Mar 5, 2012, 09:58 AM
    I explored the IRA option, but my contributions will be non deductible ( due to my personal circumstances). Thanks for reading and answering.
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

What does an OPT with 1099Misc pay for taxes in 2011? [ 2 Answers ]

Hello, I worked as an independent contractor for 2011, under OPT status. My wages were $55,045. 1) As a Singapore citizen, can I claim the standard $3,700 deduction? (Form 1040NR-EZ, Item #13) 2) Can I deduct my RIPTA (Rhode Island Public Transport) bus passes that I use to go to work (and...

Taxes for 2011 returns [ 1 Answers ]

Does the GA. Dept of Labor mail you your 1099 forms for unemployment to your house

H1B expired in 2010, what to do with taxes for 2011? [ 3 Answers ]

I was wondering if I need to file a tax return for 2011 even though my H1B expired in 2010 and I neither received any income or was in the US during 2011? I appreciate your feedback! Thanks Daniel

How much income can I claim on my 2011 taxes without a W2 or a 1099? [ 2 Answers ]

How much income can I claim on my 2011 federal taxes without having any W2s or 1099s?

@ATE: filing taxes for 2011 [ 1 Answers ]

Hi ATE, I am currently working in Arizona on H1B visa and I also recently got married in October. I am wondering whether you will be able to file my taxes for 2011. I see from your posts that you are quite an expert when it comes to filing for non-immigrants who work on H1B visas. Is there any...

View more questions Search