Tax-Saving Gems Included in New Tax Laws

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When Congress passed new tax laws in 1986 and again in 1987, it also included some real tax-savers. There always are tax gems hidden away in the hearts of new regulations or laws.

``I don't remember a year when an individual has not been able to find tax breaks that can be multiplied into giant savers, depending on the ingenuity of the individual,'' Eli J. Warach, chief consulting editor of Prentice Hall Professional Newsletters, said to me as we were preparing this series.

The following are savers you can use as guides when preparing your returns:

- Tax-deferred profits on home sales. The famous rollover where you sell one home and buy another. …