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2. Tax deduction - Wikipedia

   en.wikipedia.org/wiki/Tax_deduction

   A tax deduction or benefit is an amount deducted from taxable income, usually based on expenses such as those incurred to produce additional income. Tax deductions are a form of tax incentives , along with exemptions and tax credits .

3. Trump’s back in office — here’s what to expect for your taxes ...

   www.aol.com/finance/trump-back-office-expect...

   Plus, the top tax rate for high-income earners was lowered to 37 percent, from 39.6 percent, and a new 20 percent deduction was created for certain types of business income.

4. Are College Tuition and Education Expenses Tax-Deductible?

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   Are College Tuition and Education Expenses Tax-Deductible? Michael Keenan. December 9, 2024 at 7:53 PM. ... Many 529 plans let you deduct contributions from your state income taxes, plus the ...

5. Are Dental Expenses Tax Deductible? - AOL

   www.aol.com/dental-expenses-tax-deductible...

   Your adjusted gross income is your total income minus any deductions that you’re eligible for. For example, if your adjusted gross income is $60,000, you can deduct dental and medical expenses ...

6. Alimony and Child Support: Tax Rules For 2025 - AOL

   www.aol.com/finance/alimony-child-support-tax...

   Alimony: If the divorce was finalized in 2019 or beyond, alimony payments won’t be considered taxable income or be eligible for a tax deduction. Alimony payments may be deductible or reportable ...

7. Are Health Savings Accounts Tax Deductible? - AOL

   www.aol.com/health-savings-accounts-tax...

   This deduction decreases your taxable income. Form 1040, Line 2: If there were any taxable distributions from your HSA, it must be reported as income on your Form 1040. 4. Claim the Deduction