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what are the ways for tax saving in USA   Suresh   10/19/2018 01:26 PM  

Hello friends, we do have section 80C & 80D and some other options in India to get exempt from tax paying by doing savings.

Is there anything like that in USA. Do you guys have any recomendations.

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Re: what are the ways for tax saving in USA   Dalai Lama   10/22/2018 03:57 AM  

Chutiye, earn respectfully and pay respectfully make your self more harder to get more money...

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Re: what are the ways for tax saving in USA   RT   10/22/2018 07:20 AM  

IRA fund

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Re: what are the ways for tax saving in USA   AB   10/22/2018 11:34 PM  

It is pretty similar there.
Pre tax options are:
- 401k. It allows upto 18k
- if you are in HSA, you can save some in health fund too
- Home and other stuff is pretty similar to India

post Tax, there are lot of options
- 529 college fund. state tax free upto 10k for 2 kids
- There are many IRAs

I guess you can save more than India. India it is just 1lac saving for post tax income !

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Re: Re: what are the ways for tax saving in USA   Suresh   10/23/2018 10:38 AM  

Thank you. The information provided here gives some insight. It's really helpful

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Re: Re: Re: what are the ways for tax saving in USA   desict   10/23/2018 01:04 PM  

Hi Suresh, Another advice is to start using the internet and google search a lot. Unlike in India you can do almost anything over the internet, and it has a done of articles on just the question you asked. Try searching in google and see what you get?

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