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  2. 20 valuable small-business tax deductions - AOL

    www.aol.com/finance/20-valuable-small-business...

    For 2023 taxes, you can deduct 65.5 cents per mile. For 2024 taxes, you can deduct 67 cents per mile. If you have only one vehicle and use it for both personal and business needs, you need to ...

  3. Tax Season 2024: 5 Changes That Small Business Owners ... - AOL

    www.aol.com/tax-season-2024-5-changes-150025033.html

    The SECURE Act 2.0 introduced several new retirement-related tax changes, one of them being an increased tax credit for small businesses that offer retirement plans. Starting with tax year 2023 ...

  4. 7 Frugal Strategies for Building Your Retirement Savings - AOL

    www.aol.com/finance/7-frugal-strategies-building...

    Saving 5-10% of your paycheck is unlikely to be sufficient if you want to retire young. The sooner you want to retire, the more of your salary you need to save and invest.

  5. Tax changes small business owners should be aware of as ... - AOL

    www.aol.com/news/tax-changes-small-business...

    There’s a tax credit for small businesses starting new employee plans. The credit is up to 100% of the startup costs for adopting and maintaining a new 401(k) plan, capped at $5,000. There’s ...

  6. Insurance - Wikipedia

    en.wikipedia.org/wiki/Insurance

    This leads to widespread use of life insurance as a tax-efficient method of saving as well as protection in the event of early death. In the United States, the tax on interest income on life insurance policies and annuities is generally deferred. However, in some cases the benefit derived from tax deferral may be offset by a low return. This ...

  7. Qualified Small Business Stock - Wikipedia

    en.wikipedia.org/wiki/Qualified_Small_Business_Stock

    Qualified Small Business Stock (QSBS) is a tax incentive to drive the investment and founding of small businesses in the United States of America. [1] The QSBS regulations are under U.S. Code Section 1202 [2] of the Internal Revenue Code (IRC). QSBS is a tax exemption on a federal, and in some cases, a state level. [3]

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