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4 facts about the Section 199 tax deduction

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The Section 199 deduction is often overlooked by business owners, perhaps because they’re not sure what it is. You may see it referred to as “the domestic production deduction,” or the “domestic production activities deduction” or “the manufacturers’ deduction.” Here are four more facts about this potentially valuable tax break: 1. It’s a weighty percentage The […]

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How to max out education-related tax breaks

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If you have a college student in your family, you may be eligible for some valuable tax breaks. To max out your education-related breaks, you need to see which ones you’re eligible for and then claim the one(s) that will provide the greatest benefit. In most cases you can take only one break per student, […]

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Competitive intelligence is a strategic imperative

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All too often, the competitive efforts of many companies are internally focused. Many businesses seek to develop better products and services without knowing enough about their competition. To truly hone your competitive edge, you need to constantly ask one simple question: “What are they up to now?” And the best way to get answers is […]

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What’s your charitable donation deduction?

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When it comes to deducting charitable gifts, all donations are not created equal. As you make charitable contributions, it’s important to keep in mind the available deduction: Cash. This includes not just actual cash but gifts made by check, credit card or payroll deduction. You may deduct 100%. Ordinary-income property. Examples include stocks and bonds […]

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3 income-tax-smart gifting strategies

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If your tax liability has been higher than you’d hoped and you’re ready to transfer some assets to your loved ones, now may be the time to get started. Giving away assets will, of course, help reduce the size of your taxable estate. But with income-tax-smart gifting strategies, it also can reduce your income tax […]