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Important Tax Deductions
Taxpayers like deductions because they’re a key to lowering taxes. But not all deductions work the same way in the tax calculation. Those you are allowed to claim “above the line” can be especially...
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Important Birthdays Related to Your Taxes
From a tax standpoint, some birthdays are more important than others. Here are some notable tax milestones. BIRTH: You generally can start claiming a dependency exemption for your child in the year he...
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Business Deduction Opportunities: Repair Regulations
The IRS allows business owners to deduct the ordinary and necessary expenses of operating a business each year. However, business owners also are required to capitalize the costs associated with...
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