To get my complete, FREE articlewith all the details… If your business travel takes you to where family or friends live, I’ve got a great idea for you. Instead of staying overnight at a hotel in their area, and giving your money to a giant corporation, why not stay with your mom and dad, or a close friend, and give them rent money? When you use this strategy, you’ll … [Read more...]
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Paying for College: A Winning Strategy
To get my complete, FREE articlewith all the details… Do you operate a business? Is your youngster eighteen-years-old or older? Then I have good news for you! If you handle things right, you can use a powerful strategyto build a sizable college fund. That’s right… The strategy explained below can help yousignificantly cut your tax bill. This frees up … [Read more...]
2021 Last-Minute Year-End Tax Strategies for Your Stock Portfolio
Here’s good news if you own a stock portfolio. (And if you’re a reader of the Tax Reduction Letter, I’ll bet you do.) If you know how to play the game, you can turn your stock portfolio into a year-end tax-reducing machine. The basics are really pretty straightforward. Avoid the high taxes (up to 40.8%) on short-term capital gains and ordinary income.Lower the taxes to … [Read more...]
Do You Owe the Nanny Tax?
To get my complete, FREE articlewith all the details… Hang on a second! If you think the “nanny tax” doesn’t apply to you, because you don’t have a nanny taking care of your kids, keep reading. You see, you’re responsible for paying the nanny tax if you have a household employee such as a: NannyBabysitterLive-in housekeeperPrivate nurseDriver… and so on A … [Read more...]
ARPA Adds $$$ to the Child and Dependent-Care Tax Credit
“ARPA Adds $$$ to theChild and Dependent-Care Tax Credit!” To get our complete, FREE articlewith all the details… Bob Dylan said, “the times they are a changin.” And they sure are when it comes to the tax law! For example, take a look at the recent major changes to the American Rescue Plan Act (ARPA). They’re temporary for 2021 only.) Thanks to lawmakers, the … [Read more...]