4 Ways to Lower Your Tax Bill

When tax time comes around some taxpayers become frantic. They worry about how high their tax bill is going to be this year, especially if they started a job that pays more money. Today, we are going to help you lose some of your stress though by revealing some of the ways you can lower your tax bill.

Keep Track of Your Job Hunting Expenses

Many people who find themselves unemployed during some point of the year forget all about the money they spent securing a new job when tax season rolls around. It is very important for you to keep track of this so you can write off your job hunting expenses and lower your tax bill. To qualify you just have to make sure that you are looking for a job in the same field as your prior one.

Become Green

If you are a homeowner, you can be rewarded when tax season kicks in just for making energy efficient improvements to your home. Do you need new windows? Consider installing energy efficient windows and receive a lower tax bill.

Adjust Your Withholding

Whenever you have something major happen in your life such as a new marriage, divorce, or a child/adoption, you need to reevaluate your withholdings.

Switch to a Roth IRA

If you have a Traditional IRA consider switching to a Roth IRA. By doing so you will have tax-free funds when it is time for you to retire.

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  • Huddleston Tax Accountants / Huddleston Tax CPAs – Redmond, WA
    Certified Public Accountants Focused on Small Business
    8201 164th Ave NE Suite 200 / Redmond WA 98052
    425-483-6600

    Huddleston Tax CPAs & accountants provide tax preparation, tax planning, business coaching,
    QuickBooks consulting, bookkeeping, payroll, offer in compromise debt relief, and business valuation services for small business.

    We serve Tukwila, Auburn, Federal Way. We have a few meeting locations. If you are looking for a Redmond CPA firm, get in touch with us! Call to meet John C. Huddleston, J.D., LL.M., CPA, Lance Hulbert, CPA, Grace Lee-Choi, CPA, Jennifer Zhou, CPA, or Jessica Chisholm, CPA. Member WSCPA.