5 Little-Known Tax Deductions and Credits You Don’t Want to Miss — The Motley Fool

 

Tax deductions and credits reduce the amount you owe the government, possibly resulting in a larger tax refund or a smaller tax bill. You don’t want to leave any money on the table, and careful planning combined with studying up on deductions and credits can help you file your taxes in the most optimal way.  

Most people know that contributions to tax-deferred retirement accounts or a health savings account (HSA) will reduce your taxable income for the year, but these aren’t the only ways to boost your refund or reduce your tax bill. Here’s a look at five tax deductions and credits you don’t want to miss if you’re eligible.

5 Little-Known Tax Deductions and Credits You Don’t Want to Miss — The Motley Fool

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