School Credits

School Credits

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      Tax credits directly reduce a person’s tax liability and hence have the same value for all taxpayers with tax liability at least equal to the credit. Tax deductions reduce taxable income.
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      The tax filing period is coming up and it’s time to look back over the year 2014. With an eye toward maximizing deductions and tax credits, here are 3 tips which will help reduce your tax bill. 1.   Make charitable contributions (In Cash or non-cash) ...