RIDICULOUS OR NOT, THESE TAX BREAKS CAN LOWER YOUR TAX BILL
Most tax loopholes stem from deliberate tax breaks, usually designed by the Internal Revenue Service to promote some sort of social good or to make the tax code fairer. And when it comes to saving money on taxes, there’s no reason not to take advantage of every deduction and credit you can find.
Although you might know most of the tax loopholes that can help you save, there are some that you probably haven’t discovered yet because they’re a bit quirky. Before you file your next income tax return, here’s what you need to know to save extra on your taxes and discover some deductions you might have missed.
From avoiding taxes for living to be a century old to making bank after returning from a gambling trip, these tax loopholes are definitely unusual.