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Bookmark or Share- Tax Loopholes and How to Use Them - The BalanceTechnically, a tax loophole is a provision that drains money from the government. Loopholes are often thought of as the domain of corporations and the business world, but there are quite a few available to individual taxpayers as well.
- Tax Credits, Deductions, Loopholes & Breaks – Cutting Your ...Tax Loopholes & Credits to Reduce Your Bill There’s an old accountant’s joke about the difference between a legitimate tax deduction and a loophole. A legit deduction is the item you’re claiming. A loophole is the item your neighbor is claiming.
- Tax Loopholes - SmartAssetThe basic definition of a tax loophole is a provision in the tax code that allows taxpayers to reduce their tax liability. Lots of benign deductions and credits do just that. The connotationof a loophole as something with unintended negative consequences is what makes loopholes controversial.
- 23 ridiculous tax loopholes - MSNBecause these deductions can save you money, you’ll want to take all the ones you are entitled to. Many people think that loopholes are only for the rich, but there are tax loopholes for the poor,...
- 10 Tax Loopholes That Could Save You Thousands ...What is a tax loophole? Tax loopholes are simply legal ways to use the tax code to save yourself money. Different loopholes exist for different levels of income. Whether your income level is low, high or in the middle, this guide to the best tax loopholes can help you save money.
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