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    Minimize taxes for individuals

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    Need help in preparing a paper discussing the income tax minimzation strategies for individuals. Which strategies are the most effective and why?

    Please include the references.

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    https://brainmass.com/business/accounting/minimize-taxes-individuals-226910

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    Need help in preparing a paper discussing the income tax minimization strategies for individuals. Which strategies are the most effective and why.

    There are several income tax reduction strategies and if used together bring about substantial reduction in income tax dues.
    One way is to cluster together your expenses so that they qualify for deduction. One strategy for doing this is to prepay some expenses like medical expenses to get the minimum deductible amount. Another strategy is to avoid being pushed into a higher tax bracket by reducing your retirement plan distribution. The investment sales should be ...

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