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  2. Can I Deduct Rent on My Taxes? - AOL

    www.aol.com/deduct-rent-taxes-150852292.html

    If you’re wondering whether you can deduct your rent on your taxes, the short answer is yes. You can deduct rent if you live in a state that allows it. However, only 22 states offer this type of ...

  3. The 6 Most Important Tax Deductions You Need to Claim - AOL

    www.aol.com/finance/6-most-important-tax...

    5. Flexible Spending Account Deduction. A flexible spending account, or FSA, is a pre-tax benefit used to pay for eligible medical, dental and vision care expenses that are not covered by your ...

  4. Tax deduction - Wikipedia

    en.wikipedia.org/wiki/Tax_deduction

    Tax deduction. A tax deduction or benefit is an amount deducted from taxable income, usually based on expenses such as those incurred to produce additional income. Tax deductions are a form of tax incentives, along with exemptions and tax credits. The difference between deductions, exemptions, and credits is that deductions and exemptions both ...

  5. Income tax in the United States - Wikipedia

    en.wikipedia.org/wiki/Income_tax_in_the_United...

    The United States federal government and most state governments impose an income tax. They are determined by applying a tax rate, which may increase as income increases, to taxable income, which is the total income less allowable deductions. Income is broadly defined. Individuals and corporations are directly taxable, and estates and trusts may ...

  6. Tax deduction at source - Wikipedia

    en.wikipedia.org/wiki/Tax_deduction_at_source

    Tax deduction at source (TDS) is an Indian withholding tax that is a means of collecting tax on income, dividends, or asset sales by requiring the payer (or legal intermediary) to deduct tax due before paying the balance to the payee (and the tax to the revenue authority). Under the Indian Income Tax Act of 1961, income tax must be deducted at ...

  7. Tax Experts Answer Your Most Pressing Tax Questions - AOL

    www.aol.com/finance/tax-experts-answer-most...

    Include any money you receive, even if it's immaterial. "Small amounts mean you're probably not going to pay much tax anyway, which means it's not a huge deal, so it's probably better to report it ...

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