Posts Tagged ‘federal tax deductions’

Federal Tax Deductions: Don’t Use Your Deductions Foolishly!

Jeffrey Smith / October 18th, 2009 / 1 Comment »

If you itemize or even if you take the standard deduction, you probably want to consider the following. Too often I see people who have in essence paid more tax than they should have by not squeezing every bit of value out of their deductions.

To understand this concept, you need to understand the value of your deductions and the tax cost of income.

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