The Tax Benefits Of Real Estate Investing: Difference between revisions
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Revision as of 07:24, 8 January 2026
One more week until Tax Day. Have you filed yours yet? I haven't (probably should get on that, actually), any time I read in USA Today that roughly 47% of Americans won't even need to worry about paying federal income taxes, I start to wonder if I ought to even bother. Oh sure, there's the threat of prison time for tax evasion, but really, what is the point if half the damn country isn't going to up and log off scot-free?
Obtaining a tax-deduction allows your contribution to be subtracted originating from a taxable income. A lower life expectancy taxable income means you pay less income tax in the age you support your Ira. So you end up with more in your IRA by way of less decrease of your pocket than your contribution.
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