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The Short Answer

12 Tax Deductions and Credits You Shouldn't Overlook

If your income level is below certain thresholds, you may qualify for some of these tax-saving credits and deductions.

April 15 is fast approaching; it's a good time to familiarize yourself with tax deductions and credits. Though many phase out at higher income levels, take a look to see if you are eligible for any of them. It's also possible that applying deductions could reduce your modified adjusted gross income to a point where you might qualify for a tax benefit you otherwise wouldn't.

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