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5 tax breaks young people should take advantage of
Source:
theweek.com
- Feb 8, 2017
You are young and just starting out in your career, with your whole life ahead of you. Taxes may not be on the bottom of your list of concerns, but we will bet that they are pretty close.
However, we suggest you raise tax savings a little bit higher on your list. After all, money that you save in taxes can be used for things that are higher on your list of concerns. Here are a few possible ways for you to send less to Uncle Sam and more to your wallet.
Consider itemizing — It is typical for younger taxpayers to stick with the standard deduction rather than trying to itemize, and you may think itemizing is only for older, established, and wealthier workers. That is not necessarily so. In fact, many deductions phase out at higher income levels.
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Category: General Business
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