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How do retirement accounts reduce tax liability

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Reference no: EM132620880

Questions -

Q1: How is a tax liability reduced in general on a tax return?

Q2: How do retirement accounts reduce tax liability?

Q3: In what circumstances would not all children be able to be listed as dependents on a tax return?

You do not need to know specifics about a tax return, the above questions are conceptual and any relevant tax laws or regulations that can be cited would be appreciated.

Reference no: EM132620880

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How do retirement accounts reduce tax liability : In what circumstances would not all children be able to be listed as dependents on a tax return? How do retirement accounts reduce tax liability
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