Photo by Markus Winkler on Unsplash Dear Readers, Thank you for coming here! It is Dec. Have you secured your income tax relief for 2021? If not, below are 3 things you should consider right now, because they “expire” after the last working day of the year and you will lose your chance to save on taxes. First of all, let’s distinguish tax relief and tax rebate. Tax relief means a portion of your income is not subject to tax. For example, your annual income is 200KSGD and you can claim a tax relief of 40K. Now your taxable income is 160KSGD. According to the income tax rate 2019, you should pay 7,950 (For first 120K) + 6,000 (for additional 40K) = 13,950SGD in income tax.Tax relief typically applies every year and we need to be mindful about the timing to enjoy some of them, such as various Top-up...