Fretting over the impending recession and inflation? Beat the heat with these 10 legal methods to reduce your taxes!
In this article, we will introduce you to the various tax relief schemes offered by the Inland Revenue Authority of Singapore (IRAS).
Claim away under all the relief schemes that apply to you, up to a maximum of $80,000 per Year of Assessment (YA).
1. Make Contributions to Your Central Provident Fund (CPF) Account
Enjoy tax deductions under the CPF Relief scheme when you make contributions to your CPF account!
CPF Relief For Employees
As a Singaporean / Permanent Resident employee, you are entitled to CPF Relief for making contributions to your CPF.
Qualifying Contributions
These contributions are claimable under CPF Relief:
- Compulsory CPF contributions made under the CPF Act
- Voluntary contributions to your MA
- Contributions to any approved provident fund or pension
Claims on the following contributions are however not permissible:
- Voluntary contributions on top of the compulsory contributions stipulated in the CPF Act
- Contributions to CPF
- That exceeds the CPF cap on wages from related employers
- Made for your additional wages which exceed the (where you are simultaneously employed by 2 or more related employers within a year)
- Made for your overseas employment
Amount of Relief Claimable
The maximum amount you may claim under the CPF Relief is capped at the respective wage ceilings:
- Ordinary Wage Ceiling: $6,000 per month x months worked
- Additional Wage Ceiling: $102,000 – Total Ordinary Wage subject to CPF
(Where $102,000 is derived from 17 months x $6,000)
So with this wage ceiling, the amount you contribute to your CPF (up to 20%) is eligible for tax relief.
To calculate, find your compulsory CPF employee contribution (in the table below), and multiply it by your total wages (up to $102,000).
Employee’s age (years) | CPF by employee (% of wage) |
55 and below | 20 |
Above 55 to 60 | 14 |
Above 60 to 65 | 8.5 |
Above 65 to 70 | 6 |
Above 70 | 5 |
Thus, the maximum relief should you hit the ceiling is $20,400.
We oversimplified this explanation to make it easier for you to understand. However, we suggest checking out IRAS’ illustrations on this.
CPF Relief for Self-Employed Persons (SEPs)
As a Singaporean / Permanent Resident SEP, you are entitled to CPF Relief for making CPF contributions.
Eligibility
To qualify, you must have made either Employee CPF Contributions or MediSave Contributions in the preceding YA.
Amount of Relief Claimable
CPF Contributions by SEPs
The maximum reliefs you may obtain in YA 2022 will be the lowest of the following:
- 37% of your net trade income assessed
- Maximum amount of CPF Relief claimable i.e. $37,740
- Your actual contribution amount in 2021
Do note that your claim will be void If you have no assessable net trade income for YA 2022.
CPF Contributions by a SEPs who are also Employees
If you are both a SEP and an employee, you are subject to the below relief caps:
Category | Maximum Reliefs Claimable |
Compulsory CPF contribution as an employee + Compulsory MediSave contributions as a SEP < CPF relief cap for SEPs | Prevailing CPF contribution rate of YA 2022 i.e. 37% |
Compulsory CPF contribution as an employee + Compulsory MediSave contributions as a SEP > CPF relief cap for SEPs | Relief claims are not allowed for your voluntary CPF contributions |
2. Top Up Your Central Provident Fund (CPF) Account
Top-up your own, or your family members’ CPF Special Account (SA) or CPF Retirement Account (RA) and enjoy tax reliefs under the CPF Cash Top-up Relief!
Please note that this relief is only applicable to cash top-ups.
Any transferring of funds from your CPF account to your own or your family members’ SA or RA will not qualify for tax reliefs under this scheme.
Eligibility
To successfully claim under the CPF Cash Top-up Relief, you must be a Singapore Citizen or Permanent Resident that has made cash top-ups in 2021 under the CPF Retirement Sum Topping-Up Scheme (RSTU Scheme).
Your cash top-ups may be made to any of the SA or RA of the following individuals:
- Yourself
- Parents or Parents-in-law
- Grandparents or Grandparents-in-law
- Spouse or Siblings*
- Handicapped Spouse or Siblings (where physical or mental infirmity has resulted in incapacitation)
*Your spouse or sibling’s annual income must not exceed $4,000 in the year which precedes the year of your top-up.
Annual income includes taxable (e.g. employment, trade, and rental income) and tax-exempt income (e.g. pension, dividends, and bank interest) as well as foreign-sourced income.
New: MediSave Account Top-ups
For cash top-ups made during or after 1st January 2022, the CPF Cash Top-Up Relief will be expanded to incorporate cash top-ups made to your own, or your family members’ MediSave Account (MA)*.
You may hence make claims on such top-ups commencing YA 2023.
*Does not cover top-ups made to Self-Employed Persons (SEPs) with outstanding MediSave liabilities
Cash Top-Up Limit
To qualify for the CPF Cash Top-Up Relief, your top-ups must be within the following limits.
Age | Limit for Top-Ups Made | |
To SA under the RSTU Scheme | To MA | |
Below 55 Years Old | Current Full Retirement Sum (FRS)
– SA Savings – Net SA Savings withdrawn under CPF Investment Scheme (CPFIS) for investments that are yet to be completely disposed of |
Applicable Basic Healthcare Sum (BHS) – MA Balance before topping-up |
55 Years Old and Above | Current FRS – RA Savings |
Amount of Relief Claimable
Up to YA 2022
You are allowed to claim a maximum of $14,000 under the CPF Cash Top-up Relief.
The amount of cash top-up allowed for your own and your family members’ CPF accounts is subject to a cap of $7,000 respectively.
Source: IRAS
From YA 2023 Onwards
You are allowed to claim a maximum of $16,000 under the CPF Cash Top-up Relief.
The amount of cash top-up allowed for your own and your family members’ CPF accounts are subject to a cap of $8,000 respectively.
Source: IRAS
3. Top Up Your MediSave Account
Under the Voluntary Contributions to MediSave Account (VC-MA), you are entitled to tax relief when you make contributions to your MA.
Eligibility
You must satisfy 3 conditions to be eligible for VC-MA tax reliefs.
- You must be a Singapore Citizen or Permanent Resident
- You made voluntary contributions to your MA in the previous year
- You have received income in the same year that you made the voluntary contribution (e.g. director’s fees, rental income)
Amount of Relief Claimable
Up to YA 2022
Your tax relief is the lowest of the following:
- Voluntary cash contribution directed to your MA
- Difference between the Annual CPF contribution limit ($37,740 from 1 January 2016 onwards) and the Mandatory Contribution
- Difference between the current BHS and your MA balance before the voluntary cash contribution was made
From YA 2023 Onwards
As mentioned previously, the CPF Cash Top-up Relief scheme will be enlarged to include voluntary cash top-ups to MA.
As this is the same scheme as the CPF Cash Top-up Relief scheme mentioned above, you may refer to the section on CPF Cash Top-up Relief for the claimable relief amounts.
Take note that each of these is not stackable.
4. Top Up Your Supplementary Retirement Scheme (SRS) Account
Enjoy tax relief by making contributions to your SRS account!
Understand how the SRS works through our guide, and find out more about the SRS Investments & Insurance Options available by reading our article!
Eligibility
To ensure a successful claim of SRS tax relief:
- Your SRS account must be in force as of 31st December of the year the contribution is made.
- You must not withdraw your contribution from your SRS account in the year the contribution is made
Amount of Relief Claimable
You are entitled to tax relief equivalent to the amount of contribution you have made. Every year, Singaporeans can save up to a maximum of S$15,300 in their SRS accounts and foreigners can save up to S$35,700.
5. Work!
Besides providing you with a steady flow of finances, working entities you to tax deductions under the Earned Income Relief.
Eligibility
You are entitled to the Earned Income Relief if you have received taxable income from any of these sources in the preceding year:
- Employment;
- Pension; or
- Business, profession, trade, or vocation
Amount of Relief Claimable
Your claims under the Earn Income Relief are based on your age and taxable earned income (minus allowable expenses) in the preceding year.
Source: IRAS
Reliefs under this scheme will be capped at either the amount of your taxable earned income or the maximum amount claimable, whichever is lower.
Taxpayers with permanent physical^ or mental* disability that severely affects work ability will be provided higher relief.
^ Physical disability refers to required assistance in at least 1 out of the 6 Activities of Daily Living (ADLs)
- Cleaning
- Dressing
- Feeding
- Toileting
- Transferring
- Mobility
* Mental disability refers to impairment in at least 1 out of the following 3 activities:
- Self-Care and ADL
- Compliance to Psychiatric Treatment
- Education or Work
6. Claim Working from Home (WFH) Expenses
You may make claims from IRAS for the work-related expenses you have incurred as a result of WFH.
IRAS will accept claims for the following expenses:
- Telecommunication expenses^
- Electricity expenses^
- WiFi charges*
Should your household have more than one member working from home, you may submit claims to IRAS individually by equally apportioning the amount of relevant shared expenses incurred.
^ May be computed by taking the difference in expenses incurred pre and post-WFH
* Claimable only if WiFi was set up upon WFH arrangement. Charges incurred for WiFi setups made prior to WFH arrangement and one-time charges (e.g. connection and installation fees) are not claimable as they are capital expenditures.
7. Enrol into a Skills Upgrading Course
Does gaining tax relief by acquiring a skill sound too good to be true? Under the Course Fees Relief scheme, such is a reality.
Eligibility
You may claim expenses for relevant courses, conferences, or seminars you have undertaken for this YA, if they fall under any of the following categories:
- The course undertaken in the preceding year enables the acquisition of an approved professional, academic, or vocational^ qualification.
- The course undertaken in Year 2021 is pertinent to your current employment, profession, business, trade, or vocation.
- The course undertaken between 1 January 2019 to 31 December 2020 is relevant to your new employment, profession, business, trade, or vocation in Year 2021.
Courses, conferences, and seminars belonging to the below categories are however not claimable:
- Courses that are recreational in nature, for the purpose of leisure or pursuit of a hobby.
- Courses for the acquisition of general skills or knowledge.
- For graduates who have yet to exercise any employment*, or continue any profession, trade of vocation: Polytechnic or University courses.
^ Vocational qualification is defined as skills or knowledge that are applicable to a specific area of industry or vocation. The entity conducting the course must be registered with the Accounting & Corporate Regulatory Authority (ACRA).
* Internships and vacation jobs are not counted as employment under this relief scheme.
Amount of Relief Claimable
There are 4 types of course fees that are claimable under the Course Fees Relief scheme:
- Aptitude test fees (applicable for computer courses)
- Course enrolment or registration fees
- Tuition fees
- Examination fees
The amount of course fees you are entitled to claim is capped at a maximum of $5,500 annually. This limit is fixed regardless of how many courses, conferences, or seminars you have undertaken.
While course fees are claimable, SkillsFuture Credits and reimbursements made by your employer or any other organisation are not claimable.
Claiming of Fees for Courses Spanning over a Year
If your course of enrolment is conducted over a few years but full payment is required upfront, you may make yearly claims from IRAS by dividing the total course fees over the number of years the course is being conducted for.
Deferring of Claims
You may defer your claim under the Course Fees Relief provided your assessable income is not more than $22,000 throughout the course duration.
You may then make a deferred claim either:
- In the first YA where your assessable income goes beyond $22,000; or
- Within a 2-YA period, starting from the YA corresponding to the year of course attendance or completion, whichever comes first.
- For example, if a taxpayer has undertaken a course in May 2021 (for claims in YA 2022), he/she may claim course fees in September 2023, as long as it is within the 2-YA period.
8. Be a Working Mother
If you are a mother and also a part of Singapore’s workforce, you may enjoy tax relief under IRAS’ Working Mother’s Child Relief (WMCR).
Eligibility
Claims under the WMCR are subject to the following requirements:
- You are a married, divorced, or widowed working mother
- You are receiving a taxable earned income from your employment, profession or vocation, or via pensions, business or trade
- Your child must be a Singapore Citizen as at 31 December 2021.
- Your child has fulfilled all the conditions under the Qualifying Child Relief (QCR) / Handicapped Child Relief (HCR).
Claims in the following year (YA 2022) are still permitted for children who have passed away in the previous year (2021).
Reliefs will cease to be claimable from the subsequent year onwards (YA 2023).
Amount of Relief Claimable
The amount of tax relief claimable is determined by the order of your children:
Source: IRAS
The child order follows the below stipulations.
Source: IRAS
Do note that stillborn* or deceased children will still be included in the child order.
*From YA 2022 onwards, where the female claimant (married, divorced, or widowed) is the natural mother of the stillborn child.
Other Relief Claims on Your Child
You may still apply for WMCR claims even if you or your spouse has claimed under QCR / HCR for the same child.
3 conditions follow such claims:
- Claims under QCR / HCR will be processed first.
- The total amount claimable per child on both schemes (i.e. QCR/HCR and WMCR) is capped at $50,000.
- The claimable amount under WMCR is capped at the remaining balance after processing the QCR/HCR claim.
9. Claim Expenses on Your Rented Property
IRAS alleviates the cost of renting out your property by providing tax deductions on rental expenses, mortgage interests, and tenant-sourcing costs.
The following items are tax deductible:
Rental Expenses | For simplification purposes, IRAS deems 15% of your gross rental income as incurred rental expenses eligible for a tax deduction. |
Mortgage Interest | If you have undertaken a mortgage loan to purchase your tenanted property, you may claim tax deductions for the mortgage interest incurred. |
Costs of Securing Tenant | Commencing YA 2022, these costs incurred for your rental property that is vacant in any part of a basis period will be deductible against rental income:
This is provided you have taken reasonable actions to source for a new tenant in the period where your property is vacant. |
10. Take Care of Your Spouse
Under the Spouse Relief / Handicapped Spouse Relief, you are entitled to tax relief for supporting your spouse.
Eligibility
You will have to fulfil the below conditions to qualify for Spouse Relief / Handicapped Spouse Relief.
Source: IRAS
In the case of legal separation, taxpayers may claim under Spouse Relief / Handicapped Spouse Relief should they have made maintenance payments under a Deed of Separation or Court Order.
In the case of divorce, taxpayers paying alimony to their ex-spouses will not be able to claim Spouse Relief / Handicapped Spouse Relief.
Amount of Relief Claimable
Source: IRAS
Other Relief Claims on Your Spouse
If you have made claims on your spouse under the Spouse Relief / Handicapped Spouse Relief, other taxpayers will not be able to make claims on your spouse under the below tax relief schemes:
- Parent Relief / Handicapped Parent Relief (excluding the Grandparent Caregiver Relief)
- Handicapped Brother / Sister Relief
11. Take Care of Your Parents and Grandparents
IRAS’ Parent Relief / Handicapped Parent Relief provides you tax reliefs for a maximum of 2 of the below dependants you have supported:
- Parents
- Parents-in-law
- Grandparents
- Grandparents-in-law
Eligibility
Claims under these schemes are subject to these qualifying conditions:
Source: IRAS
You may still make claims in the following year (YA 2022) for dependants who have passed away in the previous year (2021).
Reliefs will cease to be claimable from the subsequent year onwards (YA 2023).
Amount of Relief Claimable
Depending on the type of parent relief you are claiming under and the accommodation arrangement of your dependant, IRAS reimburses you the following relief amounts:
Source: IRAS
Relief Claims on the Same Dependant
Do note that other claimants will not be able to submit claims under these schemes for the dependant that you have made claims on:
- Spouse Relief / Handicapped Spouse Relief
- Handicapped Brother / Sister Relief
An exception is however made for married, divorced, or widowed working mothers. They may submit claims under these schemes for the same dependant:
- Parent Relief / Handicapped Parent Relief
- Grandparent Caregiver Relief
Sharing of Relief
If more than one taxpayer is supporting the same dependant, claims may be shared among taxpayers based on an agreed amount. This is provided that your dependant does not have an annual income exceeding $4,000 in the previous year.
The below table illustrates the amount claimable under each shared relief scheme according to accommodation arrangement:
Type of Parent Relief | Shared Parent Relief | Shared Handicapped Parent Relief |
Taxpayer stays with dependant | $9,000 per dependant | $14,000 per dependant |
Taxpayer does not stay with dependant | $5,500 per dependant | $10,000 per dependant |
12. Take Care of Your Handicapped Siblings
The Handicapped Brother / Sister Relief entitles you to tax reliefs for supporting your disabled siblings.
Eligibility
To successfully obtain tax reliefs under the Handicapped Brother / Sister Relief, the following requirements must be satisfied:
Source: IRAS
Amount of Relief Claimable
You will be entitled to tax relief of $5,500 per handicapped sibling/sibling-in-law.
Other Relief Claims on Your Sibling
You cannot apply for tax relief under the Handicapped Brother / Sister Relief if another taxpayer has filed a claim on the same sibling/sibling-in-law under any other relief scheme.
Sharing of Relief Claims on the Same Sibling
Should you have supported your sibling/sibling-in-law alongside other taxpayers, this relief may be shared among all of you according to an agreed apportionment.
13. Have Children
You will be entitled to tax reliefs under the Qualifying Child Relief (QCR) / Handicapped Child Relief (HCR) for raising your child(ren).
Eligibility
In order to successfully claim under the QCR / HCR, your child would need to fulfil the following qualifying conditions:
Source: IRAS
Amount of Relief Claimable
The below table illustrates the amount of tax relief you are eligible for under QCR and HCR respectively.
Source: IRAS
Other Relief Claims on Your Child
You may make claims on your child under QCR / HCR as well as the Working Mother’s Child Relief (WCMR), should you be a working mother that has fulfilled the qualifying conditions under the WCMR.
The total maximum amount claimable per child under both schemes (QCR/HCR and WMCR) is $50,000, with QCR/HCR claims taking priority.
The remaining balance would then be claimable under WMCR.
Sharing of Relief Claims on Your Child
QCR/HCR reliefs on the same child may be shared between you and your spouse or ex-spouse according to the apportionment agreed upon by both parties.
In the event where sharing of reliefs takes place, the total amount of relief claims per child cannot exceed the following amounts:
- Qualifying Child Relief: $4,000
- Handicapped Child Relief: $7,500
14. Engage Your Parents in Raising Your Children
If you are a working mother, entrusting the following caregivers with your children will reap you tax reliefs under IRAS’ Grandparent Caregiver Relief (GCR).
- Parents
- Parents-in-law
- Grandparents
- Grandparents-in-law
Eligibility
Claims under the GCR are subject to these qualifying conditions:
Source: IRAS
Amount of Relief Claimable
The maximum amount claimable for this scheme is $3,000.
Sharing of Relief Claims on Your Caregiver
You may obtain relief under both the Grandparent Caregiver Relief and the Parent Relief scheme on your caregiver who is looking after your children.
However, do note that multiple claimants are not allowed to make claims on the same caregiver under GCR.
Where another taxpayer has made claims on your caregiver under GCR, you may alternatively make claims under the Parent Relief scheme if you fulfil the qualifying conditions.
15. Hire a Maid
Foreign Domestic Worker Levy (FDWL) Relief entitles married women in the workforce to tax reliefs for hiring domestic help. Do note that the FDWL Relief is only for the offsetting of earned income*.
* Earned Income = Income (employment, business, profession, vocation, trade or pension) – Allowable Expenses
Eligibility
To qualify for the FDWL Relief,
- A Foreign Domestic Worker (FDW) must be employed by either you or your husband in the preceding year; and
- In the preceding year, you were:
- Married and residing with your husband; or
- Married and your husband was not a non-tax resident in Singapore; or
- Divorced or separated from your husband, or widowed and had children living with you who meet the qualifying conditions for child relief
Amount of Relief Claimable
You may claim twice the preceding year’s total foreign domestic worker levy per FDW, regardless of whether the levy was paid by you or your husband.
Source: IRAS
*The levy rate is $300 monthly for the first FDW employed (not on concession). Subsequent FDWs employed would have a levy rate of $450 monthly.
16. Serve National Service
The NSMan Relief offers tax reductions under 3 schemes: NSman Self Relief, NSman Wife Relief, and MSman Parent Relief.
All eligible operationally ready National Servicemen (NSmen) who have served national service in the preceding work year, as well as their relevant family members, will be qualified to benefit under these schemes.
NSman Self Relief
Eligibility
To enjoy tax reliefs under the NSman Self Relief, you must have:
- Completed full-time National Service under the Enlistment Act (Cap. 93); or
- Be assessed to have completed such service by the relevant authorities
NSmen and regulars^ who have committed disciplinary or criminal offences in the previous work year will be excluded from the NSman Self Relief in the following YA.
^ Regulars include personnel from MINDEF, the Singapore Police Force, the Singapore Civil Defence Force, the Central Narcotics Bureau2, and the Singapore Prison Service*
* Personnel from these organisations who have committed disciplinary or criminal offences will be excluded commencing YA 2021.
Amount of Relief Claimable
The table below details the tax reliefs you are entitled to depending on your participation in NS activities and your position. Ex-NSmen or NS-liable ex-regular servicemen whose age is above the statutory age will be provided the base quantum of $1,500.
Source: IRAS
NSman Wife Relief
Eligibility
Your claims under the NSman Wife Relief are subject to the following criteria:
- You are a Singapore Citizen as of the year preceding the YA of your claim; and
- Your husband qualifies for the NSman Self Relief
Excluding those who have remarried, widows of deceased NSmen are also entitled to tax relief under this scheme.
Amount of Relief Claimable
The NSman Wife Relief provides you with tax relief of $750.
NSman Parent Relief
Eligibility
Your claims under the NSman Parent Relief are subject to the following criteria:
- You are a Singapore Citizen as of the year preceding the YA of your claim;
- Your child qualifies for the NSman Self Relief; and
- Your child is your biological child, step-child, or legally adopted child.
If you and your son are both NSmen, you will be entitled to either the NSman Self Relief or the NSman Parent Relief, whichever claim value is higher.
Parents of deceased NSmen also qualify for this relief.
Amount of Relief Claimable
Regardless of how many of your children are NSmen, the NSman Parent Relief provides tax relief of $750 per parent.
17. Purchase Life Insurance
Besides offering financial protection in the event of the unexpected, owning life insurance also entitles you to tax relief under IRAS’ Life Insurance Relief scheme!
Want to find out more about life insurance? Our introductory articles on term life insurance, whole life insurance, and universal life insurance are good starters to understanding these life insurance plans.
We have also listed the best term life insurance and whole life insurance plans available in the market for your consideration.
Eligibility
You are entitled to tax relief under the Life Insurance Relief scheme if the following 3 conditions are fulfilled:
1. Your contributions for the following in Year 2021 amount to less than $5,000:
- Compulsory employee CPF contribution
- Self-employed MediSave contribution or voluntary CPF contribution
- Voluntary cash contribution to MediSave account
2. You have made premium payments for your personal life* insurance policy
3. For policies that you purchased on or from 10 August 1973 onwards, the insurer of your policy must have a branch or office in Singapore.
*Married men who have paid for their spouse’s insurance plan are also eligible to make claims on the premium payments.
Claims on the following policies are however not permitted:
- CareShield Life
- ElderShield
- Integrated Shield (IP) Plans
- Health or accident insurance that provides for the payment of policy monies upon the death of the insured
Premiums Claimable
The table below illustrates the amount of Life Insurance Relief claimable for the various contribution types.
Source: IRAS
If you would like guidance on selecting the life insurance plan that is most suited to your needs, we are more than glad to help.
18. Make a Donation
Enjoy tax relief by donating to an approved Institution of a Public Character (IPC) or the Community Chest!
Types of Donations Eligible for Relief
Cash Donations
Upfront cash donations that do not prove material benefit^ in return are entirely tax-deductible.
Cash donations to the following beneficiaries would entitle you to tax deductions:
- The Singapore Government, for initiatives benefiting the local community
- Approved IPCs*
^ For cash donations to IPCs made on or after 1 May 2006, benefits that have no commercial value will be considered as pure donations. Should you be given a benefit which is deemed to be of commercial value, your tax deduction will be the difference between your cash donation and the value of the benefit.
* You may check if an institution is an IPC by searching it on the Charity Portal.
Donation of Shares or Units
The below donations to approved IPCs will entitle you to tax deductions:
- Publicly listed shares on the Singapore Exchange (SGX)Â
- Units in unit trusts that are traded in Singapore
However, the donation of shares and options with restrictions on holding periods are prohibited under this tax deduction scheme.
Your donated shares or units will be valued by the approved IPC. This valuation will be based on the price of equivalent shares or units in the open market, as at the last transaction on the donation date.
Donation of Artefacts
You will be granted tax deductions for donating your artefacts to museums, provided the artefact fulfils the following:
- The artefact has obtained the National Heritage Board (NHB)’s Approved Museum Status.
- The artefact is assessed by the NHB to be worthy of collection.
To determine the worth of your donated artefact for the computation of your tax relief, you may contact NHB or the museum of donation.
Amount of Relief Claimable
You are entitled to tax deductions up to a maximum of 2.5 times the qualifying donation amount.
Conclusion
Find these tax reduction methods useful?
Spread awareness of these helpful tips by forwarding them to your friends and loved ones!
And if you need someone to assist you with reducing your taxes for the year, our partner financial advisors are happy to help!