Final answer:
One way a person can lower the amount of taxes owed in a year is by taking advantage of tax deductions and credits.
Step-by-step explanation:
One way a person can lower the amount of taxes owed in a year is by taking advantage of tax deductions and credits.
These deductions and credits help reduce the taxable income and the overall tax liability.
For example, some common deductions include student loan interest, mortgage interest, and charitable donations. Additionally, tax credits like the Child Tax Credit or the Earned Income Tax Credit can directly reduce the amount of tax owed.