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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.
Image source: Getty Images.
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.
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