Get all your news in one place.

100's of premium titles.
One app.

Get all your news in one place.

100's of premium titles. One news app.

GOBankingRates

Emily Fowler

5 Tax Loopholes the Ultra-Wealthy Use That Most Americans Don’t Know About

BRAIN2HANDS / Shutterstock.com

Tax planning for wealthy households often looks very different from what the average American experiences. While most workers rely on standard deductions and straightforward filing, high-net-worth individuals frequently use lesser-known but completely legal tax strategies to reduce what they owe.

Read More: 5 Ways You Can Reduce Your Tax Bill Like a Millionaire, According to Robert Kiyosaki

Sign up to read this article

Read news from 100's of titles, curated specifically for you.

Already a member? Sign in here

Top stories on inkl right now

Trump plans to begin DC golf course renovation in defiance of judge’s order

Trump plans to begin DC golf course renovation in defiance of judge’s order

Judge orders government to notify her by 8pm ET Sunday whether its position changed from Friday’s court filing

The Guardian - US

Ukraine war briefing: Trump accuses Zelenskyy of not wanting to end war as feud rumbles on

Ukraine war briefing: Trump accuses Zelenskyy of not wanting to end war as feud rumbles on

Trump defends decision to waive some sanctions on Russia; Lithuania foils attack on Starlink site; Kyiv hits another oil terminal. What we know on day 1,699

The Guardian - AU

Mass protests plunge France into chaos: City halls torched, shops looted - in videos

Mass protests plunge France into chaos: City halls torched, shops looted - in videos

France witnessed widespread destruction, looting and clashes with police as nationwide protests over the rising cost of living and poor conditions in schools escalated into violence, leaving businesses damaged and public buildings in flames. President Emmanuel Macron has vowed legal action against rioters while announcing measures to address public grievances.

The Times of India

Indiana Measles Cases Reach 45 as Adams County Cases Double and Wayne County Remains the Largest Cluster

Indiana Measles Cases Reach 45 as Adams County Cases Double and Wayne County Remains the Largest Cluster

Indiana now has 45 measles cases, with Adams County doubling to eight and Wayne County at 14. See the county breakdown, who is getting sick, and what to do after exposure.

One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

Kyle Larson reacts as points lead completely vanishes in costly Phoenix wreck

Kyle Larson reacts as points lead completely vanishes in costly Phoenix wreck

Larson suffered a cut tire that led to a heavy impact with the wall and race-ending damage for the two-time NASCAR Cup Series champion

Those Who Destroyed Must Pay: Macron vows strict action after deadly unrest

Those Who Destroyed Must Pay: Macron vows strict action after deadly unrest

French President Emmanuel Macron has vowed strict action against those involved in rioting and looting across the country, declaring that anyone who sought to undermine the Republic would be held accountable. His remarks came after nationwide protests against the rising cost of living and deteriorating public services descended into some…

The Times of India

Related Stories

Top stories on inkl right now

Trump plans to begin DC golf course renovation in defiance of judge’s order

Trump plans to begin DC golf course renovation in defiance of judge’s order

Judge orders government to notify her by 8pm ET Sunday whether its position changed from Friday’s court filing

The Guardian - US

Ukraine war briefing: Trump accuses Zelenskyy of not wanting to end war as feud rumbles on

Ukraine war briefing: Trump accuses Zelenskyy of not wanting to end war as feud rumbles on

Trump defends decision to waive some sanctions on Russia; Lithuania foils attack on Starlink site; Kyiv hits another oil terminal. What we know on day 1,699

The Guardian - AU

Mass protests plunge France into chaos: City halls torched, shops looted - in videos

Mass protests plunge France into chaos: City halls torched, shops looted - in videos

France witnessed widespread destruction, looting and clashes with police as nationwide protests over the rising cost of living and poor conditions in schools escalated into violence, leaving businesses damaged and public buildings in flames. President Emmanuel Macron has vowed legal action against rioters while announcing measures to address public grievances.

The Times of India

Indiana Measles Cases Reach 45 as Adams County Cases Double and Wayne County Remains the Largest Cluster

Indiana Measles Cases Reach 45 as Adams County Cases Double and Wayne County Remains the Largest Cluster

Indiana now has 45 measles cases, with Adams County doubling to eight and Wayne County at 14. See the county breakdown, who is getting sick, and what to do after exposure.

One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

Kyle Larson reacts as points lead completely vanishes in costly Phoenix wreck

Kyle Larson reacts as points lead completely vanishes in costly Phoenix wreck

Larson suffered a cut tire that led to a heavy impact with the wall and race-ending damage for the two-time NASCAR Cup Series champion

Those Who Destroyed Must Pay: Macron vows strict action after deadly unrest

Those Who Destroyed Must Pay: Macron vows strict action after deadly unrest

French President Emmanuel Macron has vowed strict action against those involved in rioting and looting across the country, declaring that anyone who sought to undermine the Republic would be held accountable. His remarks came after nationwide protests against the rising cost of living and deteriorating public services descended into some…

The Times of India

Our Picks

Woman compares an $85 men’s sweater at Abercrombie to a women’s version. Then she reveals the fabric difference: ‘This is blasphemy’

The price is the same; the materials are not

We Got This Covered

Lost Eloise portrait found in dumpster sells for $100,000 after decades in closet

In a fascinating twist of fate, Eloise's original portrait, crafted by Hilary Knight in 1956, mysteriously disappeared during a Junior League Ball in 1960. Rediscovered in a dumpster, it lay dormant in Knight's closet for years, only to be brought back to life at a 2017 exhibition at the New-York…

The Times of India

Kim Kardashian Is 'Technically More a Lawyer' Than Trump's Press Secretary, Jimmy Kimmel Says

During an appearance on Jimmy Kimmel Live!, Kim Kardashian discussed her legal studies as Kimmel joked about her qualifications compared with departing White House press secretary Katie Zacharia.

International Business Times UK

Picasso Plates Auction Sale: thrift find turns into $34,000 windfall; she saves one for later

While perusing a thrift store, Nancy Cavaliere stumbled upon four ceramic plates attributed to Pablo Picasso, each priced at just $1.99. After authenticating them through an auction house, she struck gold with a December 2022 sale where three plates fetched a remarkable $34,000. The plates are part of Picasso's Visage…

The Times of India

‘A key artist in her own right’: wallpaper and fabrics designer emerges from William Morris’s shadow

Creativity and influence of Morris & Co designer Kate Faulkner to be detailed in Cambridge exhibition

The Guardian - UK

Mark Cuban is worth $10 billion—but in college, he paid for junior year with a dorm-room chain letter he admits was ‘basically a scam’

Cuban, who grew up in a working-class family, says his early hustles laid the groundwork for a career that took him from a crowded Dallas apartment to billionaire status.

Fourteen days free

Download the app

One app. One membership.
100+ trusted global sources.

Download on the AppStore

Get it on Google Play