There is No Such Thing as a Tax Write Off
A write-off is an incredibly misleading nickname for an expense that can help lower your taxable income. It is not a magic trick that suddenly makes something free. The term the IRS uses is tax deduction. While those terms are often used interchangeably, great financial advisors know there is an important difference. That difference is how taxpayers, your clients, react to them.
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Clients Don’t Care About Roth vs. Traditional IRAs. So What?
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