You can easily reduce your taxable income in USA. Don’t worry if you are earning high. Black Ink understands how much you have worked hard to earn and save money. That is why we try to save each single penny of our clients. To reduce your taxable income, follow the given instructions that can save taxable income liabilities: Establish tax-free retirement accounts. For example, setting-up traditional IRA account, individual 401(k) plans, Simplified Employee Pension (SEP) IRA, etc. Proper timing of year-end income and expenses with Income deferring with speedy payments of deductible expenses. Establishment of donor advised funds as well as charitable contributions. Donation of stock to the charity in USA to enjoy sizable deductions. Establishment of health savings account (HAS) to pay your medical expenses with tax benefits.