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hans
New Member

Is there anyway to mitigate the high tax payment by doing any kind of investment before I file? How can I save on paying over $4000 in taxes?

 
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2 Replies

Is there anyway to mitigate the high tax payment by doing any kind of investment before I file? How can I save on paying over $4000 in taxes?

You can mitigate it by making an IRA contribution.   See these for more details:

IRA Deduction for those Covered at Work

IRA Deduction for those NOT Covered at Work

You have until April 15, 2019 to make an IRA contribution for 2018.

hans
New Member

Is there anyway to mitigate the high tax payment by doing any kind of investment before I file? How can I save on paying over $4000 in taxes?

That would be nice but I am not eligible for an IRA

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