Your 2020 Guide to Tax Deductions | The Motley Fool
https://www.fool.com/taxes/2020/01/25/your-2020-guide-to-tax-deductions.aspx
How Do Tax Deductions Work?Standard Deduction Versus Itemized DeductionsThe Standard Deduction For 20202020 Itemized DeductionsThe 2020 Mortgage Interest DeductionDeducting Charitable DonationsDeducting Medical Expenses in 2020The 2020 Salt DeductionAbove-The-Line DeductionsTraditional Ira DeductionThe term tax deduction refers to any expense that can be used to reduce your taxable income. As an example, if your gross income is $80,000 and you have $20,000 in various tax deductions, you can use them to reduce your taxable income to $60,000. A tax deduction and tax creditare two different things. While a tax deduction reduces your taxable inco...See more on fool.com The term tax deduction refers to any expense that can be used to reduce your taxable income. As an example, if your gross income is $80,000 and you have $20,000 in various tax deductions, you can use them to reduce your taxable income to $60,000. A tax deduction and tax creditare two different things. While a tax deduction reduces your taxable inco...
The term tax deduction refers to any expense that can be used to reduce your taxable income. As an example, if your gross income is $80,000 and you have $20,000 in various tax deductions, you can use them to reduce your taxable income to $60,000. A tax deduction and tax creditare two different things. While a tax deduction reduces your taxable inco...
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