The winners could
get tax breaks since both states don't have personal income taxes.
Not exact matches
They managed to deliver
tax breaks for the rich and oil companies, that's indisputable, but not on any of the «moral» issues they've used
since the early 70s to
get votes from religious people.
I prefer maxing out my RRSP (401k) to
get the
tax break on today's income
since I know I will have a smaller income once I am retired and therefore, I will pay fewer
taxes in the end.
Since you
get a
break on your income
taxes as a result of having your mortgage, paying it off should be less urgent than paying off debt that has no
tax advantage.
I am not sure if linguee.com translated that correctly, I mean «Eigenkapital», i.e. the part of the money you do not need from the bank) is reasonable depends on what you want to do with the house - if you are planning to rent it out less equity might make sense,
since you
get a few
tax breaks that are not available if you want to live there yourself.
I prefer maxing out my retirement account to
get the
tax break on today's income
since I know I will have a smaller income once I am retired and therefore, will pay fewer
taxes in the end.
You will have to pay ordinary income
tax on the conversion (
since you
got a
tax break on the contributions and investment earnings) but there should be no early withdrawal penalty from the traditional IRA.