Income Tax Return Deductions

by | Dec 25, 2019 | Uncategorized | 0 comments

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Income Tax Return Deductions

A tax deduction reduces your Adjusted Gross Income or AGI on your income tax return, thus either increases your tax refund or reduces your taxes. It’s not just about how much income you make but how much you get to keep of your own pie.

When you prepare and eFile your taxes on eFile.com the tax app will prompt you for applicable tax deductions and tax credits. This will assure you that you don’t overlook any qualified deductions.

Tax credits are similar to tax deductions, but they reduce your tax bill dollar for dollar. We will compare tax deductions with tax credits in more detail and list the most popular tax deductions you may qualify to claim on your tax return.

Tax deductions can be complicated, so let eFile.com help you with your deductions if this information overwhelms you. We will determine which deductions are best for you based on your answers to a couple of easy tax questions. Then, we will calculate the deduction amount for you. It’s that simple! 

Research & References of Income Tax Return Deductions|A&C Accounting And Tax Services
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