Taxes don’t have to be torture if you use a few tactics to make them creative – while getting a big, fat refund, to boot.
We can take our lesson from today’s schools, which are now into promoting concepts like creative spelling. Kids are allowed to spell words however they like, rather than how that boring old dictionary dictates – so why not run with this same concept while doing our taxes.
Before we delve into the absolute genius of this practice, however, please be advised that such a fun and frivolous experiment might become a bit less amusing when it lands you in jail. That said, let’s start with one of the most obvious figures on your documents: your annual income.
In the boring old way, you’d report your $40,000-per-year as $40,000 and pay the necessary taxes on such an amount. When you get creative, however, you can report fewer earnings and therefore pay fewer taxes.
Your job might give you $40,000 for 40 hours of work each week, but if you hate your job the 40 weekly hours can feel more like 80. This automatically cuts your income in half, to only $20,000 per year, so put that figure on your earned income line.