- Investing in a senior citizen's name can result for the higher tax exemption one enjoys.
- Certain investments offers higher return to senior citizens.
- Through gifts made to a senior citizen, investment can be made.
- Tax-free investments can be made in the name of any family member.
- A self-occupied house should be bought in the name of the member in the highest tax bracket.
- A salary earner can reduce his tax by paying rent to the family member owning the house.
There are different tax accountant in Virginia, DC accounting firms, Virginia accounting firms, and other accountants which can help out in tax planning issues.
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