| Looking for a way to keep the IRS from messing with | | | | paid by your employer are tax free see if your |
| your income tax? There are things you can do to | | | | employer will put the money towards that instead. By |
| protect your wages. There are types of income that | | | | paying down your deductible you will not be put in a |
| old Uncle Sam can't get his hands on. The law keeps | | | | higher tax bracket plus you get to pay less for |
| the IRS from taxing these incomes and you need to | | | | insurance. That is you a net boost in wages without |
| know what they are. Keep a little bit more money | | | | the IRS taxing your additional wages. This works the |
| come tax time. | | | | same with life insurance with your employer. They pay |
| Municipal bonds issued by your state is income that | | | | more of your premium, you save by paying less and |
| that can't be taxed. As the value grows so does your | | | | the employer writes it off on there taxes. |
| benefit. By placing a certain percent in these types of | | | | You could also talk to your employer about using your |
| bonds you can save yourself a nice chunk of chance | | | | raise to send you to school. Your boss can deduct up |
| from the tax man. These types of bonds are easy to | | | | to $5,250 a year in educational assistance off there |
| get and have low risk of losing all your money. | | | | taxes which you can use to get an education. As long |
| Car-pooling is another type of income that is not | | | | as you are not going for sports, hobbies, or games you |
| taxable. If you receive income from all the members of | | | | will be fine. |
| your car-pool to cover cost of gas and repairs then | | | | I think now you are starting to see a pattern. These |
| that income is not included in your income. Since that | | | | types of income are non-taxable so by converting |
| money was used to cover all expenses of the | | | | your taxable income this way you get to keep more |
| car-pool that means you have no additional income | | | | of your wages. The IRS as a long list so you have to |
| and there for cannot be taxed. Think about that the | | | | work it to your advantage. They are not going to do |
| next time you are going to work by yourself. | | | | this for you so look for every opportunity you can to |
| Instead of taking a regular wage increase try to get it | | | | convert that income to save you on taxes. |
| a little bit differently. Since health insurance premiums | | | | |