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How to Pay Zero Taxes, 2020-2021: Your Guide to Every Tax Break the IRS Allows

How to Pay Zero Taxes, 2020-2021: Your Guide to Every Tax Break the IRS Allows


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About the 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.  

Table of Contents:
ACKNOWLEDGMENTS                                                                                               CHAPTER 1 Tax Insanity                                                                                                   CHAPTER 2 Is It Legal?                                                                                                  CHAPTER 3 How Our Tax System Works                                                                     CHAPTER 4 Exclusions—Tax-Free Money                                                                      A   Alternatives to “Earned Income”                                                                            1.  Hospitalization Premiums                                                                       2.  Group Life Insurance Premiums                                                              3.  Group Legal Services Plans                                                                     4.  Accident and Health Plans                                                                      5.  Employee Death Benefits                                                                        6.  Merchandise Distributed to Employees on Holidays                                    7.  “Expenses of Your Employer”                                                                  8.  Meals and Lodgings                                                                              9.  Employee Discounts                                                                              10.  Workers’ Compensation                                                                         11.  “Cafeteria” Plans and Flexible Spending Accounts                                      12.  Dependent Care Assistance Program                                                        13.  Employer Educational Assistance                                                             14.  Employee Awards                                                                                15.  Clergy Housing Allowance                                                                      16.  Miscellaneous Fringe Benefits                                                     & nbsp;           B       Donative Items                                                                              17.  Gifts, Bequests, and Inheritances                                                             18.  Scholarships and Fellowships                                                                   19.  Prizes and Awards                                                                              20.  Qualified Charitable Distributions (QCDs)                                                C       Investors                                                                                    21.  Interest on State and Municipal Obligations                                              D    Benefits for the Elderly                                                                     22.  Public Assistance Payments                                                                     23.  Social Security and Other Retirement Benefits                                           24.  Annuities                                                                                      25.  Sale of Your Home                                                                                E       Miscellaneous Individual Exclusions                                                          26.  Carpool Receipts                                                                               27.  Damages                                                                                        28.  Divorce and Separation Arrangements                                                    29.  Life Insurance                                                                                 30.  Qualified State Tuition (§529) Programs                                                31.  Your Home—The Mother of All Tax Shelters!                                         32.  Disabled Veteran Payments                                                                    33.  Exclusion of Income for Volunteer Firefighters and Emergency Medical Responders                                                             34.  Unemployment Benefits                                                                       35.  Homeowner Security                                         &n bsp;                                 36.  Reimbursed Costs to Parents of Children with Disabilities                          37.  Wrongful Conviction and Incarceration                                                   38.  Restitution Payments                                                                           39.  Frequent Flier Miles                                                                           40.  Hurricane Sandy                                                                                41.  Cancellation of Indebtedness                                                                 42.  Medicaid Payments for Foster Care of Related Individuals                          43.  ABLE Accounts                                                                                  44.  Foreign Earned Income Exclusion                                                          F       Schedule of Excludable Items                                                                 CHAPTER 5 Credits—Dollar-for-Dollar Tax Reductions                                              A   Estimated Tax and Withholding Exemptions                                                     B    Credits                                                                                      45.  Refundable The Earned Income Credit                                                   46.  Excess Social Security Tax 47.  The Child and Dependent Care Credit                                                   48.  Credit for the Elderly or Permanently and Totally Disabled                       C     Special Credits                                                                                                       49.  Work Opportunity Credit (Formerly Targeted Jobs Tax Credit)                   50.  Welfare to Work Credit                                                                         51.  Research Tax Credit                                                                            52.  Orphan Drug Tax Credit                                                                       53.  Adoption Assistance                                                                            54.  Hope Scholarship Credit                                                                       55.  American Opportunity Tax Credit                                                      ;     56.  Lifetime Learning Credit                                                                      57.  Child Tax Credit                                                                               58.  Disability Credits                                                                             59.  Health Insurance Credit                                                                       60.  Saver’s Credit        

About the Author :
Jeff A. Schnepper is the author of How to Pay Zero Taxes, a bestseller now in its seventeenth annual edition, as well as several other books on finance and taxation. He is the financial, tax, and legal advisor to the Transamerica sales force and runs a full-time accounting and legal practice in Cherry Hill, New Jersey. Mr. Schnepper also writes a column for Microsofts online personal finance website, MoneyCentral, and is a tax strategist and advisor for TheTaxPeople.net, and the ORYAN Program. Jeff Schnepper is the author of all 16 previous editions of How to Pay Zero Taxes, as well as several other books on finance and taxation. He is the financial, tax, and legal advisor to the Transamerica sales force and runs a full-time accounting and legal practice in Cherry Hill, New Jersey. Mr. Schnepper also writes a column for Microsoft's online personal finance website, MoneyCentral, and is a tax strategist and advisor for TheTaxPeople.net.


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Product Details
  • ISBN-13: 9781260461701
  • Publisher: McGraw-Hill Education
  • Publisher Imprint: Mcgraw-Hill Education
  • Language: English
  • Returnable: Y
  • ISBN-10: 126046170X
  • Publisher Date: 17 Jan 2020
  • Binding: Paperback
  • No of Pages: 928
  • Weight: 1315 gr


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How to Pay Zero Taxes, 2020-2021: Your Guide to Every Tax Break the IRS Allows
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