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| should assist a great deal. | | | | the income tax payable. Tax relief also takes the form |
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| Tax Saving Strategies - This is the most important | | | | in the south during 2005. |
| step that will make your income grow. You can | | | | Keep your house for at least two years. One of the |
| download some real tax information from the net on | | | | best tax breaks available today is the home sale |
| various tax saving strategies. In addition, you can | | | | exclusion, which allows you to exclude up to 250,000 |
| consult a local tax professional. | | | | (500,000 for joint filers) of profit on the sale of your |
| Come tax time, be sure to get professional tax advice | | | | home from your income. However, you must have |
| specific to your situation. Also, be sure to read the | | | | owned and lived in your home for at least two years |
| section in IRS Publication 908 on "reduction of tax | | | | to qualify for the exclusion. |
| attributes," which requires people using the insolvency | | | | Also, taxes on wealth can bring about vertical as well |
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| property, loss carryovers, etc. Most of that probably | | | | For instance, neither a wealthy person nor a poor one |
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