Bill is looking to manage his tax burden. Which of the following options can help him?

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Increasing the tax withheld from each paycheck is a strategy that can help Bill manage his tax burden. By having more taxes deducted from his wages upfront, he can avoid owing a large amount at tax time or facing underpayment penalties. This method can provide a more steady flow of tax payments that aligns better with his income, ensuring he meets his tax obligations without unexpected surprises.

This approach is particularly advantageous for individuals who anticipate owing taxes and prefer to spread their tax payments throughout the year rather than in one lump sum. While it may not directly reduce his tax burden, it can help him avoid financial strain at the end of the tax year and facilitate easier budgeting throughout the year.

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