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Make sure you take this into account when you do your retirement planning—or risk a true awakening when you can least afford it.
It’s generally too late to take steps to qualify for new deductions and credits this year, but you can still make sure to include all the tax breaks that could help you if you haven’t filed your tax return yet. If you itemize, you probably already got the mortgage interest deduction and charitable contribution deduction. […]
One of the financial products gaining a little more popularity in recent years is the Health Savings Account (HSA). This type of account allows you to save up for health care expenses via favorable tax treatment. In order to qualify for the HSA, you need to participate in a high deductible health plan (HDHP). This […]
As you figure your taxes this year, you might be looking at the result and thinking that it would be nice if you could deduct just a little bit more from your income. Even though a tax deduction isn’t as valuable as a tax credit, it can still help you by lowering your tax liability and […]
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