What are some tax saving tricks for head of household with a housewife (unemployed) and 2 kids (playschool and 3rd standard)?

There are no tricks. A better way to rephrase may be tax planning strategies.

There are no standard solutions and often times they may be not be appropriate based on your tax situation and your living expenses etc.

However, in general 401k, Roth and Traditional IRA, Health Savings accounts, child care expenses may help with tax savings.

The best way may be to consult a tax professional so he /she can evaluate your tax situation and provide you with a customized tax planning guide.


** Based on our response posted on quora.



Posted In: Tax

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