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2. What Can I Write Off on My Taxes? - AOL

   www.aol.com/finance/write-off-taxes-090021611.html

   3. Local and State Sales Tax. Taxpayers have the option of deducting state and local general sales taxes or income taxes that they paid during the tax year, but not both.

3. Write-off - Wikipedia

   en.wikipedia.org/wiki/Write-off

   In income tax calculation, a write-off is the itemized deduction of an item's value from a person's taxable income. Thus, if a person in the United States has a taxable income of $50,000 per year, a $100 telephone for business use would lower the taxable income to $49,900. If that person is in a 25% tax bracket, the tax due would be lowered by ...

4. What Is a Tax Write-Off? - AOL

   www.aol.com/finance/does-mean-write-something...

   If you earn $60,000 in 2024, you itemize deductions and you take a $4,000 tax deduction for real estate taxes, the write-off doesn’t reimburse you the $4,000. However, it does reduce your ...

5. What Can I Write Off on My Taxes? - AOL

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   Some deductions remain every year, but others change or disappear, and new ones crop up. Learn the most common tax deductions available for tax year 2019.

6. I'm a Business Owner. What Expenses Can I Write Off on My Taxes?

   www.aol.com/write-off-expenses-businesss-taxes...

   For example, if your business owns a car worth $10,000 and it gets destroyed, you might write that vehicle off on your taxes. The same is true if someone owes your business $10,000 in payments.

7. What Can I Write Off on My Taxes? - AOL

   www.aol.com/write-off-taxes-090021611.html

   Find Out: What Are the 2020-2021 Federal Tax Brackets and Tax Rates? Although certain tax deductions remain relatively stable from year to year, others change or disappear entirely, while new ones ...

8. 9 Tax Breaks Parents Can Get for Claiming Kids on Taxes - AOL

   www.aol.com/9-tax-breaks-parents-claiming...

   Unlike the American Opportunity Tax Credit, there is no limit to the number of times you can claim the Lifetime Learning Credit for education costs to lower your tax bill. Worth up to $2,000, the ...

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