💰There are various types of income that you don't have to pay taxes on, giving you more financial freedom.
🏥Health savings accounts allow you to save money for medical expenses on a pre-tax basis.
🎓Scholarships and employer education assistance can provide tax-free funds for educational expenses.
🏠Capital gains on your primary residence may be tax-free up to a certain amount.
🎁Inheritances and gifts, if below a certain threshold, are not subject to taxation.
What is workers' comp and disability insurance?
—Workers' comp and disability insurance provide tax-free income in the event of work-related injuries or disability.
How can I save money on taxes with health savings accounts?
—Contributions to health savings accounts are tax-deductible and withdrawals for medical expenses are tax-free.
Do I have to pay taxes on scholarships and employer education assistance?
—No, there is a certain amount of scholarships and employer education assistance that is tax-free.
Are inheritances and gifts taxable?
—Inheritances and gifts may be tax-free if they are below a certain threshold.
What are long-term capital gains and qualified dividends?
—Long-term capital gains and qualified dividends from investments may be tax-free if your income falls within a certain bracket.
00:01Learn about 11 types of income that are not subject to taxation.
00:09Workers' comp and disability insurance provide tax-free income in cases of work-related injuries or disability.
00:38Scholarships and employer education assistance can provide tax-free funds for educational expenses.
01:10Health savings accounts allow you to save money for medical expenses on a pre-tax basis.
02:00Inheritances and gifts may be tax-free if they are below a certain threshold.
03:08Capital gains on your primary residence may be tax-free up to a certain amount.
04:59Long-term capital gains and qualified dividends from investments may be tax-free depending on your income bracket.
06:36Find out how to save money on taxes by utilizing these tax-free income opportunities.
