Today Rich and Jag look at ways to keep more of your money and give less of it to Uncle Sam.
First, we look at basic tax terms including
- Adjusted Gross Income (AGI)
- Above The Line Deductions
- Itemized Deductions
- Standard Deductions
- Taxable Income
- Credits
- Total Tax
Next, we tackle ways to reduce your W2 income:
- Contributing to a traditional 401k
- Funding a traditional IRA
- HSAs and FSAs
- Commuter Benefits
We also look at different investment strategies that can lower your tax burden.
Resources:
Email Richard: ROring@ncfg.com
New Century Financial Group Website
Call Richard: 609-924-2049 x126
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