14 Legal Secrets for Reducing Your Taxes

Consider these credits and deductions to help you save at tax time.

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Retirement account contributions

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Most retirement contributions (except to a Roth individual retirement account) allow you to deduct from your taxable income the amount paid into the retirement account. This reduces your total taxable income. Further, these funds grow tax-free until retirement. If you start early, this strategy alone can secure your retirement.

Next: Health savings accounts


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