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Originally Posted by TXSTARFIRE
You should always owe money on your taxes. .
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Is that always true as well, I am getting tired of paying every year. I have a friend who also sells on ebay. He used to pay taxes every year until he opened up a SEP IRA and he said this will help with your AGI and reduce what he owes almost dollar for dollar. I guess the only downside is you have to wait till you retire to access those funds. I guess it all depends on how much you owe but better than paying to Uncle Sam. I am sure there are other retirement accounts out there that could also help out to reduce AGI.