What are the best ways to reduce your taxable income? For 2017, I've maxed out my 401k plan (No employer match), I've contributed the max possible to a HSA account. In addition to the above, can I contribute pre-tax amount to a Traditional IRA? Will I be able to deduct this amount from my taxable income even if I'm maxing out my 401k? Is there a way I can use backdoor IRA to reduce my taxable income further? I have a bonus payment due from my employer, what's the most prudent way to save tax on this bonus payment?
Submitted May 17, 2017 at 12:14PM by greatergod http://ift.tt/2qS67w2
