In theory, the way to reduce your AGI is to earn less income. But that isn’t a realistic solution since the trade-off between earning less income and the amount you can save through certain tax deductions wouldn’t usually be beneficial for your bank account. There are...
CA Lotto: What Is the Tax on Lotto Winnings in California? As fun as playing the lottery can be, you'll need to think carefully about your options if you win. In Florida, you'll save money on state income taxes, but you'll still be on the hook for nearly 40 percent if you win ...