Everyone’s individual circumstances are different, so there’s really no way for us to give detailed advice on this topic. Generally speaking, the most common way to reduce your tax liability is to lose money doing something else such as running a business.
Sadly it’s inevitable that some people will misinterpret this information, so let’s re-emphasize the disclaimer from above:
The contents of this page are intended to convey general information only, and not to provide tax advice or opinions. No action should be taken in reliance on this information. Always consult a professional for advice on specific tax issues.