To minimize your U.S. tax burden, consult with a financial advisor, CPA, or tax attorney. Here are five strategies to lower your taxes this year and in the future. 1. Hiring children can lower tax liability by deducting their wages and benefits from business income, ensuring they are not subject to Social Security, Medicare, or unemployment taxes. 2. Boldly display your brand by displaying your logo on clothing, which can be considered an advertising or deductible expense. 3. Consider a health savings account (HSA) for tax benefits such as deductible tax returns, investment protection, and no tax on withdrawals. 4. Deduct travel expenses from vacations spent over half for business purposes, ensuring they are ordinary and necessary for business expansion or profit increase. 5. Make the most of the ""Hummer deduction."" Many of the numerous tax credits and deductions available today were put into place specifically to help business owners succeed.