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Start a Retirement Account

A key way of saving on the amount of tax that you have to pay is to open up a retirement account for your savings. These accounts are highly beneficial in the first place, anyway, and opening a retirement account is advisable as a means of saving up for your retirement in good times anyway. Furthermore, this will also allow you to make savings on your tax payments too! Contributing to retirement accounts which meet that traditional 401(k) plan or are IRA accounts will help you to save money on your taxes.