The year is already halfway over, but it’s never too early to start thinking about ways to reduce your tax bill. Early planning can help make a significant difference in what you will owe come tax time. Here are some options to consider when preparing to reduce your taxes.
Review your tax withholding
If you work for an employer, you will have completed a W-4 form. This advises your company on how much in taxes to withhold from each paycheck. If your family or financial situation has changed or your tax bill was not what you expected, updating your tax withholding can help you to avoid surprises come tax time.
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