How Can You Pay Zero Income Tax?

We all hear about how rich people don’t pay taxes. How do they do it?

In a word: Deductions.

They deduct expenses from their income – and this is allowed by the IRS – which eventually wipes out their entire tax bill, or pretty much all of it.

So did you owe taxes this year? Or, if you’re getting a refund, why did you let Uncle Sam hold on to your money if you didn’t need to?

Rich people don’t play that game, why should you?

So how can you get these deductions working for you? If you’re still renting and don’t own your residence, one big way you can eliminate taxes is to buy a home.

And did you know you can own a home for probably about the same as you’re paying in rent, except you can then deduct the mortgage interest payments directly from your earned income on your tax return? You can't deduct your rent from your taxes, can you.

And did you know that you can deduct most home improvement or repair costs as well?

For me, once I bought my first home, paying any income tax at all just went away. The allowable deductions took my taxes down to zero, and I no longer had to have taxes withheld from my paycheck. Chances are the same will happen for you.

So how do you get there?

If you have less than perfect credit, can’t qualify for a mortgage, and have little money to put down, how do you move toward home ownership?

Rent to Own is one creative solution. With a Rent to Own home you can get in with a smaller down payment – such as your tax return – and earn rent credit toward the purchase price every month while you do the things you need to do to eventually qualify for a mortgage.

If you’ve got a sizable tax refund coming to you, explore your options of moving toward home ownership through the Rent to Own solution. Call us and let us show you some Rent to Own homes in your neighborhood and price range, and let’s get you moving toward zero income tax!

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We have a lot of Rent to Own homes available now. Call or text 630-697-4500 or email Adam @ MyHappyHomeSolutions.com for more info, or visit our website at MyHappyHomeSolutions.com to watch video tours and get more info.

Please note that not all available rent to own homes are shown on our site. Sometimes they are rented before we even have a chance to post them, so get on our mailing list to stay informed about all new properties!

Our primary focus is on homes in the Chicago suburbs, but we have associates who have Rent to Own homes available NATIONWIDE! Whether you're looking for a Rent to Own home in Chicago or Chattanooga, Illinois or Alaska, we can help you find that home! Contact us and let's get you into a nice new home!