Using taxes to cut taxes

Eden Prairie, MN. Remodeling Contractors.

If you can’t beat ’em, join ’em. Are you looking for more tax deductions? Look through this article and see if you missed any of these important tax deductions. If you live in some states your payments to the state’s mandatory disability and compensation fund may be deductible. You may be also allowed to deduct foreign taxes you paid on investments. Also included in this article is a list of many of the taxes you cannot deduct.

“For folks who itemize, allowable deductions include state and local income taxes or, for some filers, sales taxes paid throughout the year, along with real estate taxes, personal property taxes and intangible taxes on investments.”

See full article Some taxes can lower your IRS bill

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 Eden Prairie, MN. Remodeling Contractors.

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