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tax deductions/tax credit

Submitted by Jessica Bennet on January 4, 2008 - 04:17.

Sorting out ways of reducing taxable income is a good way to reduce tax payments. This is because one may or may no qualify for deductions or tax credits but if he can choose options to reduce taxes, then that's great.

Retirement plans such as 401k and the Roth are excellent ways to reduce taxes. At the same time, flexible spending accounts are with going for because you can get deductions on the contributions.

Regards,

Jessica

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