How Can I Protect My Income From Taxes in 2024?

Contributing sentiments towards policy:

52% : While you can't avoid taxes, the IRS allows you to lower your tax burden by combining tax deductions and credits.
51% : Beyond federal taxes, explore tax breaks offered by your state and local governments.
51% : Likewise, New Hampshire doesn't tax earned income - but it does tax interest and dividends (though that is currently being phased out).
46% : In addition, your income level determines your capital gains tax rates.
44% : In addition, 401(k)s and IRAs offer tax-deferred growth.
44% : Tax credits directly reduce your tax liability, providing a dollar-for-dollar reduction in the amount of taxes you owe.
43% : The tax rates on long-term capital gains are typically lower than those on short-term gains, providing an opportunity for tax efficiency.
41% : Health Savings Accounts (HSAs) are tax-advantaged accounts linked to high-deductible health plans.

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