To get my complete, FREE articlewith all the details… Are you thinking about selling your principal residence? Then you may be eligible to take advantage of some huge tax savings. I’m talking about the "principal residence gain-exclusion break.” The good news: Thankfully, the federal income tax gain exclusion break for principal residence sales is still on … [Read more...]
Six Tax Credits for Schedule C Businesses Without Employees
To get my complete, FREE articlewith all the details… It’s a fact… Getting a tax credit is the next best thing to paying no taxes at all. What’s more, a tax credit is much better than a tax deduction (which only reduces your taxable income). THE BAD NEWS:Many Schedule C businessescan’t get all the valuable tax credit benefits. Why? Because, unfortunately, … [Read more...]
Seven Last Minute Biz Deductions
As a business owner, do you want to pay more in income taxes than you have to? Of course not! That’s why you should check out the seven business tax-deduction strategies in this new issue of the Tax Reduction Letter. These perfectly legal strategies, that you can put to work now, can help produce additional business tax deductions (and/or create less taxable income) … [Read more...]
2021 Last-Minute Vehicle Purchases to Save on Taxes
Here’s an easy question: Do you need more 2021 tax deductions? If yes, continue on. Next easy question: Do you need a replacement business vehicle? If yes, you can simultaneously solve or mitigate both the first problem (needing more deductions) and the second problem (needing a replacement vehicle), but you need to get your vehicle in service on or before December 31, … [Read more...]
2021 Last-Minute Year-End Medical Plan Strategies
I want to ask you an extremely important question. Are you a small-business owner with fewer than fifty employees? If you are, then take my advice… You should definitely have a medical-plan for your business in place before 2022 rolls around! Why? Because having a medical plan makes for a happy workforce and, in the right circumstances, can save you a lot of … [Read more...]