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In Business / College | 2025-07-07

One way to reduce your tax liability is to:
A. minimize contributions to tax-deferred retirement programs.
B. maximize contributions to tax-deferred retirement programs.
C. consider taxable investments.
D. minimize tax credits.

Asked by calebmackattack

Answer (1)

To reduce your tax liability, it's advisable to maximize contributions to tax-deferred retirement programs, as it lowers your taxable income. Other options do not effectively reduce tax liability. Tax credits should also not be minimized, as they offer direct reductions in tax owed. ;

Answered by GinnyAnswer | 2025-07-08

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