If you are a high earner with income only from traditional employment sources, it can seem like the tax code is stacked against you. Once you reach certain income levels, common deductions are often not available to you. If you have already contributed the maximum amount to your retirement accounts, it can seem as if there nothing left to do but write a bigger check to the IRS. There is some good news, though – there are still smart, legal strategies that can reduce your tax bill. Some are well-known, others are more nuanced, but all can make a real difference when used the right way.

Leverage Tax Credit Purchases

Unlike deductions, which reduce taxable income, tax credits reduce tax liability dollar for dollar. While most individuals think only of credits tied to personal activity (such

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