Millions of taxpayers oftentimes overpay on their taxes every year, simply because they do not take advantage of all the tax adjustments, deductions and credits that they are entitled to. Overlooking some of these tax breaks can be a very costly mistake. Claiming all the adjustments, deductions and credits that you are legally entitled to will ensure that you do not leave money on the table.
There is a distinction between adjustments, deductions, and credits, and we shall proceed to look at these below:
Adjustments
These are subtracted from your total income, to determine your adjusted gross income Read More
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