如何让税法为你工作

By May 20, 2022, over 145 million taxpayers had dutifully filed their federal income tax returns. And they all made decisions about deductions and credits – whether or not they realized it.¹

When you take the time to learn more about how it works, 你也许可以让税法为你工作. A good place to start is with two important tax concepts: credits and deductions.

Keep in mind that the information in this material is not intended as tax or legal advice. It may not be used for the purpose of avoiding any federal tax penalties. 请咨询法律或税务专业人士 for specific information regarding your individual situation.

学分

因为税收抵免通常是减去的, 一美元换一美元, 从实际纳税义务, they potentially have greater leverage in reducing your tax burden than deductions. 税收抵免通常有逐步淘汰的限制, so consider consulting a legal or tax professional for specific information regarding your individual situation.

Here are a few tax credits that you may be eligible for:

• The Child 税 Credit is a federal tax credit for families with dependent children under age 17. The maximum credit is $2,000 per qualifying child, depending on your income level.²
• The American Opportunity Credit provides a tax credit of up to $2,500 per eligible student for tuition costs for four years of post-high-school education.³
• Those who have to pay someone to care for a child (under 13) or other dependent may be able to claim a tax credit for those qualifying expenses. The Child and Dependent Care Credit provides up to $4,每名符合资格的个人可获000元或最高8元,两个或两个以上符合条件的个人.⁴

扣除

扣除 are subtracted from your income before your taxes are calculated, 因此, may reduce the amount of money on which you are taxed, 引申开来, 你的最终纳税义务. 比如税收抵免, 扣除通常有逐步取消的限制, so consider consulting a legal or tax professional for specific information regarding your individual situation.

这里有几个扣除额的例子.

• Under certain limitations, contributions made to qualifying charitable organizations are deductible. 除了现金捐款, you can potentially deduct the fair market value of any property you donate. And you may be able to write off out-of-pocket costs incurred while doing work for a charity.⁵
• 如果满足某些条件, you may be able to deduct the mortgage interest you pay on a loan secured for your primary or secondary residence.⁶
• Amounts set aside for retirement through a qualified retirement plan, 比如个人退休账户, 可以扣除. The contribution limit is $6,500, and if you are age 50 or older, the limit is $7,500.⁷
• 在大多数情况下, 一旦你到了73岁, you must begin taking required minimum distributions from a Traditional Individual 退休 Account (IRA) or qualified retirement plan. 提款按普通收入征税, 如果在59岁半之前服用, 可能要缴纳10%的联邦所得税罚款.
• You may be able to deduct the amount of your medical and dental expenses that exceed 7.你调整后总收入的5%.⁸

Understanding credits and deductions is a critical building block to making the tax code work for you. But remember, the information in this article is not intended as tax or legal advice. And it may not be used for the purpose of avoiding any federal tax penalties.

1. 国税局.政府,2022
2. Investopedia.2022年6月24日
3. 国税局.政府,2023
4. 国税局.政府,2023
5. Investopedia.2022年9月8日
6. Investopedia.2022年11月30日
7. Investopedia.2022年11月8日
8. 国税局.政府,2023

The content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. It may not be used for the purpose of avoiding any federal tax penalties. 请咨询法律或税务专业人士 for specific information regarding your individual situation. This material was developed and produced by love爱博体育app下载 to provide information on a topic that may be of interest. FMG Suite is not affiliated with the named broker-dealer, 国家或证券交易委员会注册的投资咨询公司. 所表达的意见和 所提供的资料仅供一般参考, and should not be considered a solicitation for the purchase or 出售任何证券. 版权 love爱博体育app下载.