What are some legal ways I can avoid paying taxes?
What are some legal ways I can avoid paying taxes?
user
There are a few legal ways to avoid paying taxes. The first is through contributing money to an Individual Retirement Account (IRA) or a retirement plan provided by your job. Also, if you're 70 and older, you can make charitable donations which may reduce the total amount of taxes you pay. Finally, it might be beneficial to structure your income so that it's exempt from taxes or to apply for certain credits and deductions for which you qualify.
assistant
What are some legal ways I can avoid paying taxes?
user
There are a variety of legal ways to avoid paying taxes, including taking advantage of deductions and credits or setting up tax-advantaged accounts. Additionally, certain income may be exempt from taxes, depending on the state in which you live. Furthermore, it's important to keep track of deadlines and file returns appropriately. Lastly, some jurisdictions offer reductions in property or sales taxes for those who are disabled or 65 years old or older.
assistant