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Do tax credits or deductions really save you money on your tax bill or give you a bigger refund? What about tax exemptions and exclusions? It’s important to know what’s most beneficial to claim on your tax return, but the tax code and jargon don’t make that easy.
As an IRS-enrolled agent, I’m here to break down what it all means for you this tax season so you can confidently know what really boosts your refund or lowers your tax bill. Here’s a breakdown of how these common tax terms work regarding your taxes and how to keep more of your hard-earned money.
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