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Tax Deductions and Credits Tax Tips

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7 Best Tips to Lower Your Tax Bill from TurboTax Tax Experts
While everyone’s tax situation is different, there are certain steps most taxpayers can take to lower their taxable income. Here are seven great tips from <a href="https://turbotax.intuit.com/personal-taxes/online/live/">TurboTax Live</a> tax experts to help you lower your tax bill. Read more…

What is the Recovery Rebate Credit and am I Eligible?
Many Americans may be eligible for the Recovery Rebate Credit commonly referred to as the COVID stimulus payment. The credit is for the 2020 tax year even though the last payments came in 2021 for many recipients. Read more…

Standard Deduction vs. Itemized Deductions: Which Is Better?
The pressure of a looming tax deadline may make it easier to take the standard deduction rather than itemize your deductions, but you should weigh this question carefully. Here are a few key areas to consider — including charitable donations, medical deductions, and how your mortgage figures into your taxes. Read more…

What Are Tax Deductions?
The federal tax law allows you to deduct several different personal expenses from your taxable income each year. This can really pay off during tax season because the reduction to taxable income reduces the amount of income that is subject to federal income tax. However, not all expenses you incur will provide tax savings; the Internal Revenue Code is very specific about the types of expenses you can deduct and the taxpayers who may claim them. Read more…

The Land of Unknown Tax Deductions
Some tax deductions and credits can get overlooked. Find out which tax deductions and credits you have coming to you so you'll keep more money in your pocket. Read more…

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Tax Deductions and Credits Tax Tips

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