Sep 20, 2020
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About this Deal
Want to pay less to the IRS this year? There's a simple solution.
Saving money on taxes is pretty much a universal goal. No matter your age, salary, and personal financial situation, it's safe to say you don't want to pay the IRS more money than necessary.
But some tax breaks are difficult to come by. If you don't own a home, for example, you won't get the chance to itemize expenses like mortgage interest on your tax returns. If you're a moderate or higher earner, you'll lose out on certain tax credits that are only available to low-income filers.
Thankfully, though, there's one tax break that's widely available regardless of how much you earn, whether you have children or not, and whether you itemize on your annual returns or go with the standard deduction. If you're smart about capitalizing on it, you stand to reap some major savings.
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