10 Pre-Tax Season Money Saving Tips

All our working productive lives we pay for taxes. From income tax, property tax, to other taxes we spend; a big amount of our income, go these add on taxes to the cost of living as citizens of our states.  Jacob Cooper and Douglas Shoemaker from Total Wealth Management tells us how on how to cut down the cost of living by saving on taxes.

• Maximize your retirement plan contributions.
• Consider making annual gifts.
• Pre-pay your Jan. 1 mortgage payment.
• Put your children to work.
• Use your flexible savings account.
• Invest in education.
• Group your medical expenses.
• Donate to charity.
• Invest under your children’s names.
• Search for all tax credits.

via San Diego Source