外文翻译(同名1724).doc

Tax Planning Basics 3 Ways to Reduce Your Taxes The goal of tax planning is to arrange your financial affairs so as to minimize your taxes. There are three basic ways to reduce your taxes, and each basic method might have several variations. You can reduce your income, increase your deductions, and take advantage of tax credits. Reducing Income Adjusted Gross Income (AGI) is a key element in determining your taxes. Lots of other things depend on your AGI (or modifications to your AGI)- such as your tax rate and various tax credits. AGI even impacts your financial life outside of taxes: banks, mortgage lenders, and college financial aid programs all routinely ask for your adjusted gross income. This is a key measure of your finances. Because your adjusted gross income is so important, you may want to begin your tax planning here. What goes into your adjusted gross income? AGI is your income from all sources minus any adjustments to your income. The higher your total income, the higher your adjusted gross income. As you can guess, the more money you make, the more taxes you will pay. Conversely, the less money you make, the less taxes you will pay. The number one way to reduce taxes is to reduce your income. And the best way to reduce your income is to contribute money to a 401(k) or similar retirement plan at work. Your contribution reduces your wages, and lowers your tax bill. You can also reduce your Adjusted Gross Income through various adjustments to income. Adjustments are deductions, but you dont have to itemize them on the Schedule A. Instead, you take them on page 1 of your 1040 and they reduce your Adjusted Gross Income. Adjustments include contributions to a traditional IRA, student loan interest paid, alimony paid, and classroom related expenses. A full list of adjustments are found on Form 1040, page 1, lines 23 through 34. The best way to boost your adjustments is to contribute to a traditional IRA. As you can see, two of the best ways to reduce your taxes is to save for retirement, either through a 401(k) at work or through a traditional IRA plan. Contributions to these retirement plans will lower your taxable income, and lower your taxes. Increase Your Tax Deductions Taxable income is another key element in your overall tax situation. Taxable income is whats left over after you have reduced your AGI by your deductions and exemptions. Almost everyone can take a standard deduction, and some people are able to itemize their deductions. Itemized deductions include expenses for health care, state and local taxes, personal property taxes (such as car registration fees), mortgage interest, gifts to charity, job-related expenses, tax preparation fees, and investment-related expenses. One key tax planning strategy is to keep track of your itemized expenses throughout the year using a spreadsheet or personal finance program. You can then quickly compare your itemized expenses with your standard deduction. You should always take the higher of your standard deduction or your itemized deduction. Your standard deduction and personal exemptions depends on your filing status and how many dependents you have. You can increase your standard deduction and personal exemptions by getting married or having more dependents. The best strategies for reducing your taxable income is to itemize your deductions, and the three biggest deductions are mortgage interest, state taxes, and gifts to charity. Take Advantage of Tax Credits Once weve tweaked our taxable income, we are ready to focus our attention on various tax credits. Tax credits reduce your tax. There are tax credits for college expenses, for saving for retirement, and for adopting children. The best tax credits are for adoption and college expenses. Not everyone is in a position to adopt a child, but everyone could take some college classes. There are two education-related tax credits. The Hope Credit is for students in their first two years of college. The Lifetime Learning Credit is for anyone taking college classes. The classes do not have to be related to your career. You may also want to avoid additional taxes. If at all possible, avoid early withdrawals from an IRA or 401(k) retirement plan. The amount you withdraw will become part of your taxable income, and on top of that there will be additional taxes to pay on the early withdrawal. One of the best, and most abused, tax credit is the Earned Income Credit (EIC). Unlike other tax credits, the EIC is credited to your account as a payment. And that means the EIC often results in a tax refund even if the total tax has been reduced to zero. You may be eligible to claim the earned income credit if you earn less than a certain amount. Increase Your Withholding You can avoid owing at the end of the year by increasing your withholding. More money will be taken out of your paycheck throughout the year, but you will get bigger refund when you file your taxes.税收筹划基础知识3种方式来减少你的税 税收筹划的目标是你的财务安排，以减少偷税漏税。有三种基本的方法来减少你的税，和每一个基本的方法可能有几个变化。您可以减少你的收入，增加你的扣除额，并采取税收抵免的优势。 减少收入 调整后总收入（德盛）是决定你的税的关键因素。其他许多事情取决于你的AGI（或到AGI修改） - 如您的税率和各种税收抵免。德盛甚至影响你的财务税收以外的生活：银行，抵押贷款和高校财务援助方案的所有定期询问您的调整后总收入。这是你的财务状况的关键指标。 因为您的调整后总收入是如此重要，你可能要在这里开始您的税收筹划。你所吃进的调整后总收入是多少？德盛是从各种来源的收入减去任何调整的收入。总收入越高，越高你的调整后总收入。正如您可以猜到，你更多的钱，在您将支付更多的税收。相反，少钱，你做，你会少付税款。排名第一的方式，以减少税收是减少你的收入。而最好的方式，以减少你的收入是出钱为401（k）或在工作中类似的退休计划。您的贡献减少你的工资，并降低你的税单。 您还可以通过对收入减少各种调整您的调整后总收入。调整扣除，但你不必逐项对附表A相反，你需要你的1040页1他们他们，他们也减少您的调整后总收入。调整包括了传统IRA，学生贷款利息支付的供款，赡养费支付相关费用和课堂。完整名单的调整上找到1040表格第1页23行到34。最好的办法提高你的调整，是促进传统的爱尔兰共和军。 正如你可以看到，最好的方法来减少你的税务二是为退休储蓄，无论是通过401（k）在工作或通过传统的爱尔兰共和军计划。这些退休计划供款会降低您的应纳税所得额，并降低税收。 增加你的税收扣减额 应纳税所得额是另一个在你的整体纳税情况的关键因素。应纳税所得额是什么遗留在你减少你的扣除和豁免到AGI。几乎每个人都可以采取标准扣除额，有些人能够逐项他们的推论。 分项扣除包括卫生保健，州和地方税的费用，个人财产税（如汽车登记费），按揭利息，馈赠给慈善机构，与工作有关的开支，税务筹划费，和投资有关的费用。税收筹划的一个关键策略是保持整个使用电子表格或个人财务计划年度开支逐项跟踪你的。然后，您可