Financial Briefs
The Big New Tax Break For Pre-Retired Professionals
2. Real estate and rental business income — including self-rentals — may qualify.
5. A business owner with $315,000 in taxable income owes tax on only $252,000 — saving more than $12,000 of income tax.
10. A DB plan can supercharge retirement savings while minimizing your taxable income to enable you to qualify for the 20% deduction for business owners.
This article was written by a professional financial journalist for Advisor Products and is not intended as legal or investment advice.
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