fromThe Motley Fool
1 week agoThis Potentially Lucrative Tax Break May Be Off the Table for You This Year | The Motley Fool
Most of us would like to pay the IRS as little money as possible each year. And that's where tax credits and deductions come in. A tax credit is a dollar-for-dollar reduction of your tax liability, while a tax deduction allows you to exempt a portion of your income from taxes. If you're in a high tax bracket, claiming the right deductions could result in a huge amount of savings.
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