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What are some ways to avoid owing taxes?

The last few years I've owed federal taxes (in the thousands) after all of my deductions.  Any tips on avoiding this?
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2 Replies
AliciaP1
Expert Alumni

What are some ways to avoid owing taxes?

There are many situations that can be handled differently to reduce taxable income legally, but each situation is extremely unique.  There are far too many to identify here in a general post.

 

You may benefit from hiring a tax professional in your area to help you file with your best situation.

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Carl
Level 15

What are some ways to avoid owing taxes?

Sounds to me like you may need to seek the services of a financial planner.

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