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7 Smart Ways to Lower Your Taxable Income

Reducing your taxable income is one of the most effective ways to lower your taxes, with some moves doing double duty as both deductions themselves and as a means to slide under income thresholds at which other taxes would kick in.

While it’s late in the year now, there's still time to take steps that will lower the amount of income you must report on your 2015 tax return. Take a look.

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