Here are tips for paying certain taxes in advance and lowering your overall tax bill to Uncle Sam. By Jeff Schnepper Rangers suffocate raging forest fires by starting controlled fires of their own. Physicians create antibodies to prevent disease by using a weakened form of the virus that causes the disease itself. And you can use taxes you have already paid to sometimes save you more taxes. This column will show you how.
Some taxes are deductible.
While federal income taxes themselves are not deductible, you may deduct state and local taxes on your income tax return. It s all a matter of timing. You can actually lower your total overall tax bill by paying other taxes in advance. Use the government s own rules to reduce your liability. For example, if I pay taxes due last year in this year, they re deductible this year.