Taxes are essential for nation-building and developing Singapore into a stronger community, a better environment and a more vibrant economy. While it is crucial for the nation to collect more taxes; taxes at the same time is an expense out of the pocket for an individual — reducing the amount of taxes payable through legit means is a key and financially smart move. We aim to avoid paying too much income taxes by maximise our tax reliefs. There is no change in total tax reliefs amount for Year of Assessment (YA) 2019 — personal income tax reliefs is still subject to an overall relief cap of $80,000. The main aim is to hit as much tax reliefs as you can under the various categories, as found on the Ministry of Finance (MOF) website. By doing so, you bring down your tax bracket by one, two and sometimes even three tiers. For example, an individual earning $130,000...