<prompt> Human: Im looking for ways other than the obvious of charitable giving and maxing out tax advantaged investment accounts like a 401k to get my taxable income down. Has this subreddit or rfinancialindependence ever compiled a list for this? For example, Ive heard of some people setting up an LLC, buying vacation property or even timeshares, and then writing them off.  <response>: writing them off. They just write it off Jerry. You dont actually know what a write off is do you? ...No, but they do, and theyre the ones writing it off! 