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J.K. Lasser's 1001 Deductions and Tax Breaks 2018 by Barbara Weltman

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CHAPTER 8 Investing

Putting money aside for that proverbial rainy day is an admirable and necessary goal but it can be a difficult proposition, especially when your paycheck doesn't seem to stretch far enough. Still, savings and investing are essential to your financial well-being, and Americans are saving at a growing rate. According to Federal Reserve Bank of St. Louis, the personal savings rate in the U.S. was 3.5% as of July 2017, up from a low of 1.9% in July 2005. Fortunately, the tax laws can help you to make the most of your efforts. It also provides ...

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