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Strategic Charitable Giving: Maximizing Tax Deductions and Minimizing Liabilities Charitable giving and donations can be used to reduce your tax bill by taking a tax deduction for the value of the gifts on your income tax return. In order to claim a tax deduction for...
There Are a Few Changes for the 2022 Tax Season That Individuals and Businesses Should Be Aware Of: Increase in the standard deduction: The standard deduction for the tax year 2022 has increased for all filing statuses. For example, the standard deduction for single...
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