Many personal finance books are full of hype, promising a radical reduction in taxes (or no taxes at all). Unfortunately, they often tout obscure tax strategies that apply to only a handful of people -- or doubtful schemes that could bring on the IRS.
Lower Taxes in 7 Easy Steps is a different kind of book, providing insights and tactics that can reduce taxes. Clearly and concisely, it explains the seven most valuable rules of tax planning:
- Boost tax-free income
- Get a lower tax rate
- Defer paying taxes
- Make the most of deductions
- Take advantage of exemptions
- Identify and use tax credits
- Shift income to other taxpayers
Each rule is fleshed out with plenty of ideas, strategies and real-life examples that can help minimize the pain of April 15.
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