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Personal Tax Issues

In many cases, if you have a small business, keeping your business taxes low is the best way to keep your overall tax bill as low as possible. However, even if your business occupies the majority of your time and effort, and presents the most thorny issues at tax time, don't neglect the personal and family side of your tax return.

Depending on the ages of your family members, types and level of income, and investment activities, the personal side of your tax return may be quite complicated.

What's more, there are numerous opportunities to save money on taxes on the personal side. Buying or refinancing a home, contributing to a regular or Roth IRA, investing in higher education, or riding the Wall Street roller coaster all present you with potential tax breaks. If you become familiar with the rules and keep up with the annual changes, you will be able to take advantage of all the breaks available to you.

Our discussion of non-business tax issues is organized into the following topical areas:


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