Paying personal income tax is the duty of every citizen, and tax evasion is a violation of the law. However, there are some ways to reduce your personal income tax burden to the extent permitted by law. If you want to get the maximum tax refund, you need to pay special attention to the following aspects. Let's see if you understand.

First of all, medical expenses. The fee amount exceeding 7.5 percent of the adjusted income can be deducted. Therefore, if you have had major operations or purchased expensive drugs during the tax year, don't ignore this cost. However, it is worth noting that the legal restrictions on diseases should also be analyzed according to the actual situation, so you should be fully sure before applying to avoid wasting personal time. The second is the state income tax. Tax rates are different in different states, and some states can even reduce taxes. If you belong to a state that can be exempted from income tax, you can apply for a tax reduction. Third, charitable donations. In order to encourage public philanthropy, the government allows tax deductions through charitable donations: but it also limits the number of tax cuts to prevent tax evasion. This exemption is strictly required for supporting materials such as documents, so please be sure to keep your documents to prove the amount of your donation. Fourth, the cost of moving. The deductions for this fee need to be measured by the reason for moving, the distance of the move, and the time. Specifically, taxpayers can only be eligible for the credit if they move for work reasons and their original residence is more than 50 miles away from the new workplace. Fifth, interest on student loans. The interest you pay on student loans can be exempted up to $2,500. In addition, many teachings expenditure on education expenses can offset part of the tax, such as tuition fees, scholarships, subsidized study expenses, educator fees, etc. Sixth, after the court certification process, the total actuarial value of the property for individuals exceeds 115.8 million US dollars, and couples exceed $23.16 million (2020 exemption), and the excess part is subject to inheritance tax; the part that does not pay estate tax is the estate tax exemption. The amount of tax exemption has increased significantly in previous years, and for many citizens, it is almost exempt from inheritance tax. If you have such property, you can consult the relevant person.

Therefore, if you are financially constrained or need to save money, the method described above may be in a certain way help you. It should be reminded that any tax reduction method can only be within the extent permitted by law. If there is a method that exceeds the permitted range, you should pay special attention.

（Writer：Hoock）