Tax day is getting nearer so it’s time to review some of the biggest changes to your taxes this year. An important note: when you file your taxes on or…
Tag: deduction
Tax credits and deductions are two of the few bright spots during tax time since they reduce the amount of taxes you have to pay. Tax credits are an amount…
A tax deduction is a dollar amount subtracted directly from your income that lowers the amount that you are ultimately taxed on for the year, called your “taxable income”. The…
Nobody wants to pay more taxes than they have to. The two most common ways to reduce what you owe are tax deductions and tax credits. Tax credits reduce your…