How to Pay Zero Taxes, 2020-2021: Your Guide to Every Tax Break the IRS Allows *(Book)
Save BIGGER THAN EVER with this fully updated edition of the classic tax-saving guide! Tax whiz Jeff Schnepper has been helping ordinary taxpayers dramatically lower their tax bills for decades. Now, Schnepper brings his classic guide up to date for the coming tax season. Presented in language anyone can understand, How to Pay Zero Taxes 2020-2021 delivers everything you need to take full advantage of the newest tax laws―and pay the IRS less than ever before. Schnepper uncovers hundreds of sanctioned deductions, shelters, credits, and exemptions and provides invaluable tax tips you’ll only find here. You’ll learn how to navigate the tax code like a pro and save the maximum legal amounts on: • Capital gains and dividends • IRA and retirement plans • Converting personal expenses into deductible business expenses • Charitable deductions • Child care and elder care • Moving and job-hunting expenses • Mortgages and points • Investment expenses Every April, thousands of people around the country pay far more than they have to. Don’t give the IRA one dollar more than the law requires. Use How to Pay Zero Taxes 2020-2021 to keep more of your hard-earned money in your own pocket. Read more
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Why Must Read How to Pay Zero Taxes, 2020-2021: Your Guide to Every Tax Break the IRS Allows?
This book is mostly for folks in the highest income brackets, those who still itemize, and those with a business. If you are primarily a W2 earner, don't waste your time. The book is massive, but much of the text contains information about the history of deductions/credits, not just the current rules. It even contains information on deductions/credits that haven't been available for years and even decades! Some seem rather dubious. How about this one: Donate $6,000 to a charity. Rent your house to the charity for $5,000 for 12 meetings. The charity ends up with $1,000 and you net $440 (if you are in a 24% tax bracket). No thanks! There is quite a bit of information about contributions to IRAs and 401ks, but it is not presented all that clearly. You can find better information online for free.
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