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BOOK SUMMARY :

Learn how tax credits and deductions for individuals can affect your tax return and how to claim them if you qualifytax deduction a tax deduction is a reduction in tax obligation from a taxpayers gross income tax deductions can be the result of a variety of events that the taxpayer experiences over the request for taxpayer identification number tin and certification form 4506 t request for transcript of tax returna tax deduction reduces the amount of income that is subject to taxation by federal and state governments find the current list of tax deductions for homeowners deductions for business owners tax deduction is a reduction of income that is able to be taxed and is commonly a result of expenses particularly those incurred to produce additional income tax deductions are a form of tax incentives along with exemptions and creditsthe difference between deductions exemptions and credits is that deductions and exemptions both reduce taxable income while credits reduce tax

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