|
10 tax deductions you don't need to be wealthy to claim
Source:
cbsnews.com
- Feb 11, 2017
Not all tax deductions are created equal. Some particularly attractive ones aren’t subject to the income-related phase-out rules that affect higher-income taxpayers.
But you don’t have to be a high earner to get in on some other worthwhile deductions. Just focus on more than a dozen you can claim on the first page of your tax return. These are called “adjustments to income” because they’re deducted directly from your gross income. They’re also called “above-the-line deductions” because you don’t have to itemize your deductions to claim them.
Here are 10 of the most commonly claimed of these above-the-line deductions:
CLICK SOURCE ABOVE TO READ ENTIRE ARTICLE
Category: General Business
|
