How do I avoid paying any taxes on my earnings. 1099

Forum|Forum|1 year ago
September 25, 2024
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How do Donald Trump or others avoid paying any taxes. How do I reduce my taxes I owe down to less than $300.

Best answer by KarenL4

Hi, Expression,

Different types of earners have different tax breaks available to them based upon the tax code. For many folks, the standard deduction is often more than they itemized deduction, and we may not qualify for more complex tax breaks so our tax calculation can be pretty straight forward. However, it depends. For example, maybe you own a house and can take advantage of some of the tax breaks for homeowners. Or maybe you are eligible for some of the refundable tax credits. Using a tax pro or tax preparation software (including IRS free software) or the assistance of a Voluntary Income Tax Assistance (VITA) preparer can help you get your best possible outcome.

Hope this helps!

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Regards,

Karen

TurboTax Expert

Bsch4477

Employee

If you owe less than $300 you are doing well.

KarenL4Answer

Hi, Expression,

Hope this helps!

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Regards,

Karen

TurboTax Expert

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Expression 12Author

Which states have these breaks on or del included?

Loretta P

Hello Expression,

The credits and deductions referenced by KarenL4 are federal credits and deductions and would be applicable no matter the state of residence. Of the states that also have a state income tax, some states conform to the Federal IRS code and other states do not. For example on the Federal return, unreimbursed employee business expenses are no longer deductible, but some states like CA and NY will allow you to deduct the unreimbursed employee business expenses on your state return.

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