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New Member
posted Feb 12, 2022 3:40:57 PM

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
Expert Alumni
Feb 12, 2022 3:51:56 PM

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.

Level 15
Feb 12, 2022 4:27:02 PM

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