Grigory Dukor/Reuters
- There are several legitimate ways to pay less taxes.
- Tax deductions reduce your taxable income, while tax credits lower your tax bill.
- A few of the most under-the-radar tax breaks include deductions for jury duty and bringing your pet to work (but only if they're working, too).
There are several legitimate ways to pay less taxes.
There are hundreds of tax breaks available to Americans in the form of deductions, which reduce the amount of your income that's taxed, and credits, which lower your overall tax bill.
See the rest of the story at Business Insider
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See Also:
- 11 million Americans could be affected by a big change in Trump's tax plan, and a CPA says he's getting frantic calls about it
- When it makes sense to pay your taxes with a credit card — and when it doesn't
- 10 things you probably didn't know you could deduct on your taxes
SEE ALSO: 5 tax breaks you can't get anywhere but the US
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