BENDING THE TAX SYSTEM

MAXIMIZE YOUR DEDUCTIONS

Don't forget your charitable contributions are tax deductible and lower your tax bill.  If your employer does matching charitable contributions, make sure you contribute as much as you can through the company.

FOR MORE INFORMATION:

http://blog.greatnonprofits.org/corporate-matching-gift-programs-money-unused/

https://www.charitynavigator.org/index.cfm?bay=content.view&cpid=40

If you are a freelancer or independent contractor, maximize your deductions by claiming all expenses related to your work.  The expenses need only be ordinary and necessary. If you work out of your home, there is a deduction for that as well.  These are legal ways to lower your tax bill.  This money belongs to you.

Consult your tax advisor for more information.

Here is a resource with suggestions on deductions:

https://blog.freelancersunion.org/2015/01/28/ultimate-list-freelancer-tax-deductions/

INCREASE YOUR EXEMPTIONS

Why give the government an interest free loan? Hold onto more of your own money and keep it out of the hands of the Republican regime. On your W4, rather than 0 or 1 exemptions, increase your exemptions.  Speak to your tax planner to see what works best for you.  It is legal for your Human Resources department to change it for you.

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TAX CREDITS

Earned Income Tax Credit (EITC) as well as Child Tax Credit (CTC/ACTC), and the American Opportunity Tax Credit (AOTC), have lifted an estimated 9.4 million people out of poverty. Despite the success of these credits, research reveals that perhaps 25% of eligible tax filers do not claim it.

 This means the government holds on to millions of dollars that rightly belong to these low-to moderate-income families.  Encourage anyone you know who may be eligible to apply for these credits.  

Please see links below.

https://www.robinhood.org/initiatives/eitc-tax

https://www.acf.hhs.gov/css/resource/income-tax-credit-for-low-income-working-individuals

You can find additional resources here including methods of tax resistance and risks and consequences (from the National War Tax Resistance Coordinating Committee).