With a few simple tax saving investment options, you can minimize your tax bill every year. First of all, start by looking into the various tax saving options like the accelerated depreciation and the tax sheltering options. These two tax saving options can save you more money than what you expect. Accelerated depreciation allows you to depreciate your property more quickly which results in an initial tax saving. On the other hand, tax sheltering allows you to benefit from tax relief provided for depreciation within a specific time period. So, it can really be worthwhile to invest in these two tax saving investment options.
Another tax saving investment options that you can consider is to invest in an IRA or a qualified retirement account or TIA. An IRA is a tax-saving plan that allows you to invest tax-deferred until such time that you would otherwise withdraw the funds. This is possible since the money in the IRA is considered to be an asset and not a liability for tax payment. In addition, both Roth and traditional IRAs have special rules on the distributions of contributions and earnings and so you need to carefully read the relevant provisions before making a choice.
The bottom line is that there are tax saving investment options out there. All you need to do is to find them and make the right choice. Keep in mind that these tax saving investment options are just suggestions and there is no guarantee that you will earn a tax-free income. You might need to study the tax laws and look into the various tax saving options that you have before you make any decision at all.