Estimated Tax Savings Strategies - 2008

Strategy 1: Vacations and Travel
$2,000 per vacation x two vacations
$4,000 per year

Strategy 2: Automobile Expenses
10,000 business miles x 50.5 cents
$5,050 per year

Strategy 3: Your children’s college and wedding (or first house)
$5,500 per child x 2 children
$11,000 per year

Strategy 4: Medical Reimbursement Plan
Average Savings for a family of 3
$4,750 per year

	Bad News The most difficult part of tax saving is understanding the I.R.C. Even good accountants can barely keep up with the changes. Good News The Good news is any money spent on tax planning or materials is tax deductible.

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