Tax-Free Income
Tax-Free bond interest
Tax-Free insurance proceeds
Gifts
Inheritances
Social Security(Tax-Free portion)
AGI Deductions
Loss from small business -
(Do not create a loss so you don't have to pay taxes. Run a business to make a profit)
Deductible contributions to an IRA
Contribution to pension plan of an S corporation
Alimony payments
Premature withdrawal penalty from CDs
Deductions from real estate investments
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