What Are Tax Minimization Strategies for an Individual?
Many tax benefits are available to individuals who are not married or do not have children. Strategies to minimize tax obligations might stem from medical, employment and household expenses. If you have a student loan, then the loan interest might qualify as a deduction depending on your adjusted gross income. Plus, you do not have to itemize deductions in order to receive the benefit. Remember to maintain accurate and organized records of relevant information, such as invoices and receipts.
