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These overlooked tax breaks can help you save this spring
Source:
cnbc.com
- Mar 8, 2017
The deadline for filing your taxes is a little more than a month away, but you may still have an opportunity to save if you qualify for these breaks.
Deductions help lower your bill by reducing your taxable income based on the tax bracket that you're in. These are different from credits, which give you a dollar-for-dollar reduction of your income tax liability.
You're probably familiar with the most popular itemized deductions, including the one you take for home mortgage interest or for charitable contributions. You also can take advantage of other expenses, including sales taxes and certain investment-related costs.
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Category: General Business
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