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How To Save Taxes With a Flexible Spending Account (FSA)

How To Save Taxes With a Flexible Spending Account (FSA)

A flexible spending account, or FSA, is a pre-tax expense account that many employers offer for employees' benefit. These bills allow you to pay necessary expenses without paying...

Posted by Flynn Financial Group Inc on 04/06/2021

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How To Lower Your Tax Bill With Itemized Deductions

How To Lower Your Tax Bill With Itemized Deductions

What are itemized deductions?Itemized deductions are a list of expenses that you can use to reduce taxable income on your federal income tax return. These include medical bills, taxes,...

Posted by Fred Lake on 03/05/2021

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What Are The Relief Procedures For Certain Former Citizens?

What Are The Relief Procedures For Certain Former Citizens?

An IRS relief procedure for certain former citizens was introduced in September 2019 to allow certain Americans to renounce their U.S. citizenship without paying taxes and fines.The...

Posted by Elliot Kravitz, ATP on 02/28/2021

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Is It Possible to Claim Medical Expenses on Taxes?

Is It Possible to Claim Medical Expenses on Taxes?

One might spend a lot of income on medical bills, especially when unplanned emergencies arise and the insurance cannot cover it all. The bright side is that one can have some relief...

Posted by Accurate Books And Tax on 02/22/2021

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Itemizing Tax Deductions

Itemizing Tax Deductions

Come tax season, your ultimate goal when it comes to filing your return is to maximize your tax savings. There are several ways to do this both throughout the year with investment...

Posted by Accurate Books And Tax on 12/03/2020

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Tax Deduction for Medical and Dental Expenses

Tax Deduction for Medical and Dental Expenses

For people with substantial medical bills that the insurance plan cannot take care of, there might be some relief when you file your taxes. This article explores what you can claim...

Posted by James Financial Services Inc on 09/18/2020

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