What are common tax deductions?

Common tax deductions include charitable donations, mortgage interest, medical expenses, state and local taxes, and retirement contributions. These deductions can help lower your taxable income and reduce the amount of taxes you owe to the government. It's important to keep track of all potential deductions to maximize your tax savings each year.

Tax Deductions Deductions Common Deductions Tax Breaks Itemized Deductions

What are common tax deductions?

This mind map was published on 26 August 2024 and has been viewed 78 times.

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