Hi there,
I file taxes married jointly. I take the standard deduction. Are there any deductions / credits I am missing? are there anything I can plan ahead to reduce taxes in future years?
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There are not many ways to lower your Adjusted Gross Income besides the things you already listed, such as an HSA contribution, and contributing to a 401(k) since an IRA is not beneficial to you as a deduction.
If your itemized deductions are close to the standard deduction, you can double-up payments you can claim on Schedule A , such as making twice the charitable contributions in one year and none in the next, making last year's December mortgage payment in January and January next year in December.
After that, your tax reduced by credits.
do you own a home? other than that, since we know nothing about your finances, have you considered sitting down with a financial advisor? Not one that also sells products like annuities and life insurance.
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