Understanding Tax Deductions: When you’re filing your taxes, your goal is to lower your owed amount on your tax bill as much as possible. If you’re unaware of tax deductions, you’re missing out on an easy way to reduce your financial burden year after year.  But before you make use of tax deductions, you need to learn exactly how they work and what kind of limitations they bring to the table. This ensures you’re making the most of this legal way to lower your owed tax amount.  To help you along the way, here is an overview of tax deductions. 

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