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Any Tax Shelters still out there...?
Ive been debating posting this for awhile, but you guys are a pretty knowledgable and experienced bunch... so... my situation is that Im single, renting in So Cal and will earn good money this year. Last year, under similar earnings, I got the hell taxed out of me.
Back in the day, I owned a home in MI and was able to deduct the mortgage interest and property taxes....but out here in CA, i have no interest in purchasing a home... I expense a lot of sales related things...but the question is: What, if any "tax shelters" are available for a single no-dependants person these days? Any ideas on how I could reduce my tax bill for this year? PMs would be fine, also if you know a good tax person in my area let me know his/her name... thanks
Last edited by Sonic dB; 06-27-2005 at 11:59 PM..
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