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February 19, 2021 3:03 AM newsfeedback@fool.com (Charlene Rhinehart, CPA)
Posted:
Updated:
February 21, 2021 5:07 AM
If you’re tired of giving away the majority of your income to taxes, there’s a way around that. You can legally decrease or completely eliminate your tax bill by taking advantage of some of the perks in the tax code.
So, when you’re ready to tap into the secret sauce to enjoy more of your money and unlock the 0% tax bracket, here are some tips to make the process a breeze.
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Take advantage of the best deductions
Tax deductions are powerful components of a tax return, allowing you to trim your tax bill and keep more money in your pockets. There are some incredible benefits available that allow you to earn up to a certain amount of gross income before you have to share a piece of your income with the IRS.
The Secret to Getting Into the 0% Tax Bracket
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The Secret to Getting Into the 0% Tax Bracket
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How to Claim Over $80,000 Tax-Free Income by Investing in Dividend Stocks
February 18, 2021 7:39 AM newsfeedback@fool.com (Charlene Rhinehart, CPA)
Posted:
Updated:
February 19, 2021 1:09 PM
For stock investors, dividend-paying equities offer an extra stream of income that you can enjoy for years. But what can be even better is how that dividend income will (or won’t) impact your tax bill.
When it comes to the IRS, all income is not created equal. So if the idea of earning more money and getting taxed less on it or even not taxed at all appeals to you, here’s a rundown of the rules around dividends that can make that possible.