Difference between revisions of "The Tax Benefits Of Real Estate Investing"
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Revision as of 19:35, 10 November 2024
The IRS Reward Program pays whistleblowers millions for reporting tax evasion. The timing of the new IRS Whistleblower Reward Program could not be better because we live in a period when many Americans are struggling financially. Unfortunately, 10% percent of companies and individuals are adding to our misery by skipping out on paying their share of taxes.
Obtaining a tax-deduction allows your contribution to be subtracted originating from a taxable income. The lowest taxable income means you pay less income tax in the majority you contribute to your Ira. So you end up with additional in your IRA using less reduction in your pocket than your contribution.
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