Tax

Who Likes Tax Free Income?

TLDR: Tax free feels nice.

This is a short and sweet letter.

I was perusing the Internal Revenue Code (it’s one of the things I do) and started to think about the various sources of tax-free income.

Here are the 11 that jumped out at me:

1. Roth IRAs

2. Social Security benefits up to the taxable limits

3. Tax-free IRA withdrawals (on top of tax-free Social Security)

4. Home sale gains of up to $250,000 ($500,000 if married, filing jointly)

5. Tax-free capital gains and dividends when you hit the sweet spot

6. Capital gains sheltered with capital losses

7. Stepped-up inherited assets

8. Section 1031 real estate exchanges when held until death

9. Qualified small business tax gains

10. Section 529 college savings plans

11. Coverdell Education Savings Accounts

When it comes to tax planning, tax-free tops the list.

Drop us a message and see how we can help you!

“We leverage leading practices and disruptive technology to do more than just balance the books. We're actually building the business. And that's our edge.”
Robert L Whittley CPA
CEO & Founder

Get in touch with us

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.