Even so, Allen's budget has significant hikes in spending, including 874 million new dollars for public schools. And for private citizens in search of tax breaks, the new year is bringing some new relief. One way people can save is with what's called a Roth Individual Retirement Account. You'll have to pay a one-time tax. But after that, you'll never again pay taxes on the money in your account.
Kids have much lower tax rates.
Also, Duerk recommends you buy municipal bonds, because there's no federal tax taken out. And if you buy savings bonds or Treasury bills that mature in the future, you can defer taxes you'd normally pay next year. Rke city seal The arrival of 19-98 is bringing changes in Roanoke City's law enforcement. Hudson is retiring after 20 years as sheriff and more than 40 years in law enforcement. NAT Hudson has turned over his keys to his longtime Chief Deputy George McMillan, who won election as sheriff in November.