You don’t mention what your “taxable account” is. However, if you have an investment account you may be able to change your portfolio to reduce your taxable income.
For example, you can invest in municipal bonds in your state, which would be free of federal or state tax.
If you have investments such as mutual funds that produce large capital gains, you may be able to switch to similar investments that utilise exchange traded funds (ETFs).
Keep in mind, some strategies may work for tax savings but may not produce the highest returns. Speak with your investment advisor.
