Probably not. A revocable trust of which you are a trustee and beneficiary is a grantor trust. You are taxed on the income from this trust to the same extent that you would be if there were no trust. The trust doesn’t even need its own taxpayer identification number; your Social Security number can be used for the trust. Bottom line: Revocable trusts for the most part are not income tax saving devices.
Shifting income to a later year, such as where you defer taxable interest to the following year by purchasing a T-bill or savings certificate maturing after the end of the current year. Investments in qualified retirement plans provide tax deferral.