18 Legal Secrets to Reducing Your Taxes

Best jobs that don't require a college degree, red flags that you have too much stress at work
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January 28, 2022

U.S. News & World Report

Your Money Decisions From U.S. News

Last year, the average tax refund was nearly $3,000 – a sizable amount for any family. But experts are predicting the 2021 tax season will be different and some households may be surprised to receive a much larger or much smaller refund than they expected.

For this reason, it's even more important that individuals take advantage of every tax deduction and credit they're eligible for to avoid overpaying this year. Try these 18 Legal Secrets to Reducing Your Taxes before starting the filing process.

The Internal Revenue Service officially began accepting federal tax returns on Jan. 24 and Tax Day falls on April 18. Read more >>

Emma Kerr, Personal Finance Editor

Jobs and Internships

Rope access technicians carry out maintenance service on wind turbines including repairs, blade inspections and cleaning in Izmir, Turkey on February 19, 2021.

If you'd rather not spend years in college, there are plenty of job opportunities for those without a degree. These include positions open to those with only a high school diploma as well as careers that require some postsecondary education and training. Read more >>

Wondering how well you'll excel in the workforce after graduating from college? If you're part of an internship, co-op or other work experience, it's a great opportunity to hone your skills and get feedback from your employers on how you stack up on the workforce skills that employers are looking for, such as critical thinking, being a great team player and professionalism. Read more >>

Predictable red flags appear that signal when you've either been assigned – or you've agreed to absorb – more than you can reasonably handle. Here are six ways to tell that you have too much stress at work, and what you can do about it. Read more >>

"Real estate investing is the most tax-advantaged vehicle there is. If you never want to pay taxes on (money invested in real estate), there's a path to never pay taxes on it."

Ian Formigle, chief investment officer for property investment company CrowdStreet

Pick a Card

If you're a frequent traveler, having a premium credit card can improve your travel experience immensely. This type of card offers valuable perks like airport lounge access, annual travel credits and high rewards on your purchases.

The Latest Coronavirus Updates

COVID-19's Economic Impact
Understand how the coronavirus pandemic will continue to affect your finances. Review the government's relief measures and what it means for workers and families, as well as other strategies for navigating the economic recovery.

The Associated Press

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