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5 Ways to Lower Your New York State Tax Bill

The Motley Fool

Image source: Getty Images Ah, New York, the Empire State: home to the Big Apple, cascading waterfalls, and, not so proudly, some of the highest taxes in the nation. Whether you're a city slicker dodging taxis or a country dweller enjoying the serene landscapes, one thing unites all New Yorkers: the quest to lower that pesky tax bill.

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Here Are 8 Ways the Richest Americans Avoid Paying Taxes

The Motley Fool

Image source: Getty Images Have you ever heard that multi-billionaire Warren Buffett pays a lower federal income tax rate than his secretary? Many ultra-wealthy American households pay surprisingly low effective federal income tax rates, and in some cases, no taxes at all. No tax breaks are designed to only benefit billionaires.

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The 3 Biggest Tax Breaks I've Ever Gotten

The Motley Fool

Image source: Getty Images The goal when filling out your federal income tax return should be to pay what you owe -- but not a penny more. You can make sure this happens by taking advantage of the numerous tax deductions, credits, and other incentives in the lengthy U.S. tax code to make sure your bill is as low as possible.

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Here's a Ridiculously Easy Way to Get Ready to File Taxes

The Motley Fool

Image source: Getty Images Whether you're anxious to get your 2023 tax returns filed or have an annual tradition of dragging your feet, you can make the entire process easier. By breaking up the labor-intensive part of gathering documents, you'll be set and ready to go when tax time rolls around. That's "Week 1." Income of dependents.

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Is British American Tobacco Stock's 9.7% Dividend Yield Riskier Than You Think?

The Motley Fool

Philip Morris International, however, has been doing fairly well diversifying its business, with smoke-free products accounting for 39% of revenues in the first quarter of 2024. EBITDA = earnings before interest, taxes, depreciation, and amortization. That compares with 3.6 for Philip Morris International and 2.2 for Altria.

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Walgreens Boots Stock Just Hit Its Lowest Level Since 1998. Time to Buy the Dip or Stay Away?

The Motley Fool

billion after-tax goodwill write-down of its VillageMD investment in an admission that it greatly overpaid for the business. Healthcare segment was able to flip to positive adjusted earnings before interest, taxes, depreciation, and amortization ( EBITDA ) of $17 million and a modest adjusted operating loss of $34 million.

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I'm Nearing Retirement Having Met My Savings Goal. Now What?

The Motley Fool

Bonus offer: unlock best-in-class perks with this brokerage account Read more: best online stock brokers for beginners 1. The interest on these bonds is subject to federal tax, but not state or local tax. Those often have strong yields but there are no tax breaks involved.

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