A Big Tax Loophole Just Got Bigger: How To Turn Taxable Income Into Non-Taxable Income
Author: Make My Life Less Taxing
Believe it or not, there are ways to convert taxable income into non-taxable income, without any fear of an IRS audit.
Here's one of my favorites. It's been part of our tax code for over 30 years, yet many still don't take advantage of it.
What am I talking about?
The IRA -- Individual Retirement Account.
Now, before you say, \"Oh, I know all about that one; what's so great about an IRA?\", give me 10 minutes to explain 3 new benefits to the IRA rules that you may not realize.
BENEFIT #1: How To Avoid Tax Rather Than Postpone Tax
First, did you know that there are now 2 kinds of IRA's available?
The so-ca...
[ Read Full Article Here ]