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If you want to lower your taxable income, you should consider these five common ways.<br><br>Increasing your retirement contributions.<br>Making charitable contributions.
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What are some ways to minimize your taxable income? If you want to lower your taxable income, you should consider these five common ways. Increasing your retirement contributions. Making charitable contributions. Investing in a tax-deferred annuity. Investing in mutual funds that have a low turnover rate and are held for at least one year. Converting from a traditional IRA to a Roth IRA. Read more: https://www.qaspirit.com/question/what-are-some-ways- to-minimize-your-taxable-income#answer-question …………………………………… QASpirit Email ID: qaspirit.com@gmail.com Visit Us: https://www.qaspirit.com