How to avoid taxes legally

How to avoid taxes legally

Assessment

Interactive Video

Life Skills, Business

University

Hard

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This video tutorial discusses legal methods to reduce your tax bill, focusing on deductions, tax credits, and tax-advantaged retirement accounts. It explains the difference between standard and itemized deductions, highlights the benefits of tax credits over deductions, and describes how contributing to retirement accounts like 401K and IRA can lower taxable income and provide tax-free growth. The tutorial encourages viewers to explore these options to legally minimize their tax liabilities.

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What new insight or understanding did you gain from this video?

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