Download Easy Ways to Lower Your Taxes: Simple Strategies Every by Sandra Block, Stephen Fishman Attorney PDF

By Sandra Block, Stephen Fishman Attorney

Show description

Read Online or Download Easy Ways to Lower Your Taxes: Simple Strategies Every Taxpayer Should Know (USA Today Nolo Series) PDF

Best nonfiction_2 books

Validation of Telecom Systems with SDL

Validation of Communications platforms with SDL presents a transparent useful consultant to validating, by way of simulation, a telecom approach modelled in SDL. SDL, the Specification and outline Language standardised via the foreign Telecommunication Union (ITU-T), is used to specify and increase complicated platforms corresponding to GSM, GPRS, UMTS, IEEE 802.

NRSV Catholic Edition Bible Anglicized--Old Testament

The recent Revised normal model is the "standard" translation utilized by mainline Protestant church buildings, Orthodox church buildings, and via many Catholics. The NRSV debuted in 1989 and is owned by way of the nationwide Council of church buildings, that is the major strength for ecumenical cooperation between Christians within the usa representing thirty–five denominations with forty–five million individuals in additional than 100,000 church buildings around the state.

Extra info for Easy Ways to Lower Your Taxes: Simple Strategies Every Taxpayer Should Know (USA Today Nolo Series)

Sample text

And specialized accounts used to save money for a child’s college education (discussed in the next section) can also be a major source of tax-free investment income. Of course, the interest rates on these investments tend to be lower than on others, in recognition of their tax benefits. However, depending on your tax bracket, you may still come out ahead, as we’ll describe below. Tax-free bonds Issuing bonds is one of the main ways that corporations and govern­ ments raise money. When you buy a bond, you are essentially lending money to the bond issuer.

That means you can contribute up to $60,000 to a grandchild’s 529 plan—or $120,000 if you’re married—without filing a gift-tax return. If you have several grandchildren, you can set up multiple accounts and shelter hundreds of thousands of dollars from estate taxes, Raynor says. And if a couple of your grandkids eventually don’t go to college, you can always change beneficiaries—as long as the accounts are in your name. There’s one major drawback to setting up a 529 plan—or several plans—in your name.

Also taxable is scholarship money a student earns by working at a college job (“work study” programs). Health Savings Accounts: The Triple Tax Break Health savings accounts (HSAs), which first became available in 2004, are a great way to avoid taxes on part of your income and pay for your and your family’s health expenses. The HSA concept is very simple: Instead of relying on health insurance to pay small or routine medical expenses, you pay them yourself from a health savings account that you establish with a health insurance company, bank, or other financial institution.

Download PDF sample

Rated 4.29 of 5 – based on 9 votes