Chapter 03 - Slides 34-51 - Tax Resources, Audits, & Strategies

We finish our chapter on taxes with discussions of tax resources, tax audits, and effective strategies for reducing your taxes. As we will see, one of the most effective methods for reducing taxes for upper-middle class taxpayers is to own a home. For those at the lower end of the home buying public, the tax savings from owning a home are not as great as the real estate professionals often make them out to be. In fact, for many married couples, the Republican 2017 tax bill removed any tax savings.

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