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  2. Tax season 2025: Everything to know before you file, and how ...

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    The standard deduction is higher for 2024 tax returns. ... Tax-filing checklist: Key documents you may need to gather. Form W-2, which your employer will provide. This form lists how much you were ...

  3. 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

  4. Top Tax Deductions and Tax Credits You Should Know for 2023 - AOL

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    A tax credit, on the other hand, reduces the tax you owe — every $1 of tax credit reduces your tax bill by by $1. If you owe $10,000 in taxes and qualify for a $2,500 tax credit, your tax bill ...

  5. 11 Tax Deductions You Can Take If You Have Rental Income - AOL

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    Here’s a list of common tax deductions if you have rental income: Mortgage interest. Property tax. Operating expenses. Depreciation. Repairs, including materials and supplies. Interest. Taxes.

  6. What Is a Tax Deduction and How Do Tax Deductions Work? - AOL

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    Tax deductions lower your taxable income, which reduces the amount of income tax you’re required to pay. Most tax deductions are expenses that you pay either to generate income or provide a ...

  7. The Ultimate 2024 Tax Prep Checklist - AOL

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    The post Tax Prep Checklist for Tax Preparers appeared first on SmartReads by SmartAsset. ... The IRS accepts a wide range of documentation as proof when claiming deductions or tax credits. In ...

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