2017 Federal Income Tax Planning
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 | Income Tax Fundamentals Let's start with some basic federal income tax
concepts, including gross income and taxable income. How do deductions fit in?
What about choosing a filing status? What's a marginal tax rate?
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 | Deductions Personal deduction planning is one aspect of tax planning. Here,
your goals are to utilize deductions in the most efficient manner and to take
all deductions to which you're entitled.
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 | Tax Credits A tax credit results in a
dollar-for-dollar reduction of your tax liability. In some cases, if your tax
credits exceed your tax liability, you will be able to claim the difference as
a refund.
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 | Investment Tax Basics You should understand the difference
between ordinary income and capital gain. Special tax rates apply to long-term
capital gain and qualified dividends. There's a lot to think about, including a
3.8% net investment income tax that may apply.
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Prepared by Broadridge Investor Communication Solutions, Inc. Copyright 2019. |
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