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Bennett Group Financial: Tips to Lower Your Tax

Bennett Group Financial Services LLC, a Washington, D.C. financial research and media firm, was founded by Dawn Bennett, a financial expert with more than three decades of industry experience

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Bennett Group Financial: Tips to Lower Your Tax

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  1. Bennett Group Financial: Tips to Lower Your Tax

  2. Bennett Group Financial Services is a successful investing advisor company that offers diverse services to their clients, which may involve every aspect of wealth management, including reducing taxes. Lowering taxes is one of the more common financial practices when it comes to investment advising, and the benefits can be significant both in the short term and long term. Some of the most common ways of reducing taxes are taking advantage of the deductible IRA contributions to increase your withholding or make your home more energy efficient.

  3. IRA Contributions If you are eligible, you can take advantage of the deductible nature of the IRA contributions, which can reduce your tax burdens. If you can contribute more to your 401k, those amounts will go into the plan before being taxed, and in that case, you may already have a reduced tax on the IRA

  4. Increasing Your Withholding You can simply change the amount withheld from your paycheck. That alone may lower or even eliminate the tax that you are indebted to pay. There are calculators on the Internet that can help you figure out how much money you should withhold.

  5. More Energy Efficient Homes There are several ways for someone to get certain tax credits, and making their home more energy efficient is one of them. You can decide to do that, but before you do, it is important to check if you are eligible for those tax credits. Call a company like Bennett Group Financial Services, and they will be able to tell you if you are eligible or not.

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  7. THANK YOU

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