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11 Tax Deductions You Can Claim Without Itemizing
Nov 10, 2023
Microsoft News
vi-BB1phJzK
7 months ago
Microsoft News
0:21
Quick Tips: Understand Deductions and Credits: Familiarize yourself with eligible tax deductions and credits. This knowledge can significantly reduce your taxable income. Common deductions include business expenses, home office deductions, and education-related expenses. Tax credits, on the other hand, can directly reduce your tax liability. 𝐁𝐞 𝐎𝐮𝐫 𝐏𝐚𝐫𝐭𝐧𝐞𝐫! Sign Up Here: https://register.fandstaxservice.com #taxes #taxseason #taxfiling #taxreturn #taxhelp #taxtips #taxaccountant #tax
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You can claim some of your expenses as deductions in your tax return. This reduces your taxable income. It works like this: your assessable income (money you earn from work or investments) minus your allowable deductions (such as costs you incur to earn your income) equals your taxable income (the amount you actually pay tax on) | Australian Taxation Office
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