The Short Answer

12 Tax Deductions and Credits You Shouldn't Overlook

Karen Wallace, CFP®

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.