How do I avoid paying any taxes on my earnings. 1099

[Expression]

How do Donald Trump or others avoid paying any taxes. How do I reduce my taxes I owe down to less than $300. 

[Bsch4477]

If you owe less than $300 you are doing well. 

[KarenL4 · Accepted solution]

Hi, Expression,

Different types of earners have different tax breaks available to them based upon the tax code. For many folks, the standard deduction is often more than they itemized deduction, and we may not qualify for more  complex tax breaks so our tax calculation can be pretty straight forward.  However, it depends. For example, maybe you own a house and can take advantage of some of the tax breaks for homeowners.    Or maybe you are eligible for some of the refundable tax credits.  Using a tax pro or tax preparation software (including IRS free software)  or the assistance of a Voluntary Income Tax Assistance (VITA) preparer can help you get your best possible outcome. 

Hope this helps!

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Regards,

Karen

TurboTax Expert

[Expression]

Which states have these breaks on or del included?

[Loretta P]

Hello Expression,

The credits and deductions referenced by KarenL4 are federal credits and deductions and would be applicable no matter the state of residence.  Of the states that also have a state income tax, some states conform to the Federal IRS code and other states do not.  For example on the Federal return, unreimbursed employee business expenses are no longer deductible, but some states like CA and NY will allow you to deduct the unreimbursed employee business expenses on your state return.  

[KarenL4]

Hi, Expression,

States generally follow the federal tax law with exceptions to the federal code that vary state by state.  The degree to which they agree or disagree with the federal code is called "conforming."  This can get quite complicated and specific and it's difficult to answer in general .  The good news is TurboTax tracks that information for you and applies the appropriate laws.  It is also backed by an accuracy guarantee.

I am not sure if you were asking about a specific state and a specific part of the federal tax code and the degree to which that state conforms. If you are, please submit a new question on that topic.

Also, it's probably helpful to know that what state you file taxes in is governed by the laws of that state, considering things like whether you worked there, lived there, owned property there and other factors.

Hope this helps.

**Please cheer or say thanks by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Regards,

Karen

TurboTax Expert