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If get a national muni bond fund your interest income will be free of federal taxation (but not state income taxes). Inside your buy scenario muni bond fund that owns bonds from the house state this interest income will likely be "double-tax free" for both federal assuring income charge.

If you add a C-Corporation for your personal business structure you can cut your taxable income and therefore be qualified for one of those particular deductions for your current income is just too high. Remember, a C-Corporation is a individual individual.

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If one does a little more research or spend time on IRS website, seek it . come across with differing kinds of tax deductions and tax breaks. Don't let ignorance make get yourself a more than you end up being paying.