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  • Kiplinger

    Five Big Tax Breaks at Work

    by David Jaeger, CFP® Apr 09, 2022 3 minutes

    If you’ve discovered while preparing your 2021 tax returns that you actually owe federal income taxes, your employer’s benefits program may help you reduce your taxable income and improve your quality of life. And if you have a side gig and find yourself owing FICA (Social Security and Medicare) taxes, we have a couple of tips for you, too.

    Here are five tax-reducing options your company may offer. 

    1. Retirement plan contributions

    There’s no better way to lower taxes today while saving for the future than by maximizing contributions to your, or a .

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