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2. Are Property Taxes Deductible? - AOL

   www.aol.com/finance/property-taxes-deductible...

   The 2017 Tax Cuts and Jobs Act limits the deduction for state and local taxes, including property, income and sales taxes, to $10,000 per year. If you need to deduct more than $10,000 on your tax ...

3. The 6 Most Important Tax Deductions You Need to Claim - AOL

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   The maximum deduction you can claim for all state and local taxes, including real estate and personal property tax, income tax and sales tax, is $10,000 — $5,000 if you’re married and filing ...

4. State and local tax deduction - Wikipedia

   en.wikipedia.org/wiki/State_and_local_tax_deduction

   The Revenue Act of 1964 restricted the SALT deduction to state and local taxes on real property, personal property, income, general sales, and gasoline and other motor fuels. [17] Amid the 1970s energy crisis, Congress passed the Revenue Act of 1978, which eliminated the deduction for state and local taxes on gasoline and motor vehicle fuel.

5. 15 Self-Employment Tax Deductions You Should Know - AOL

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   Here’s the top 15 self-employment tax deductions that you might qualify for: Common Tax Deductions. Here are a few of the most common self-employment tax deductions: 1. Self-Employment Tax Deduction

6. Depreciation recapture - Wikipedia

   en.wikipedia.org/wiki/Depreciation_recapture

   When a taxpayer sells an asset for a gain after taking deductions for depreciation, depreciation recapture is used to tax the gain. Because the taxpayer received a deduction from ordinary income for the depreciation of the asset, any gain the taxpayer receives, up to the depreciation amount, must be included as ordinary income to offset the ...

7. Tax Deductions & Credits Homeowners Should Know About - AOL

   www.aol.com/tax-deductions-credits-homeowners...

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8. Adjusted gross income - Wikipedia

   en.wikipedia.org/wiki/Adjusted_gross_income

   In the United States income tax system, adjusted gross income (AGI) is an individual's total gross income minus specific deductions. [1] It is used to calculate taxable income, which is AGI minus allowances for personal exemptions and itemized deductions.

9. Are Home Improvements Tax Deductible? - AOL

   www.aol.com/finance/home-improvements-tax...

   Selling your home for significantly more than you paid for it can leave you with a big tax bill on your capital gains. The IRS allows most sellers to exclude the first $250,000 of their profit ...