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Tax Deduction Consulting Riverdale GA

There is no doubt that paying taxes is one of the least favorite things to do for most Americans. This is hardly a surprise given the incredibly confusing tax laws and IRS forms. As one person said, when you finish your tax returns you don't know if you are a criminal or a martyr. Simply put, it can be massively confusing and stressful. One of your major weapons in fighting back is the much-loved deduction, which we cover in this introduction to tax deductions.

Liberty Tax Service
(866) 871-1040
501 Highway 138 Sw
Riverdale, GA

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H&R Block
(404) 968-0032
4764 JONESBORO rd
FOREST PARK, GA

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Jackson Hewitt
(404) 260-7388
2047 Mount Zion Road
Morrow, GA

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FDA Tax Services
(770) 994-9454
5373 Riverdale Rd
Atlanta, GA
 
Jackson Hewitt
(404) 254-6000
5330 Old National Highway
College Park, GA

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MICAH BYRD Mobile Bookkeeping & Tax Service
(770) 573-4125
804 Commerce Blvd Suite A7
Riverdale, GA

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Rivers Income Tax Service
(770) 477-6602
10214 Fitzgerald Rd
Jonesboro, GA

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H&R Block Inside Lake City Commons Shopping Center
(678) 422-3002
5656 JONESBORO RD
LAKE CITY, GA

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H&R Block
(770) 960-7307
6550 MT ZION blvd STE 103
MORROW, GA

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H&R Block
(770) 477-7069
7050 Tara Blvd
Jonesboro, GA

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Tax Deduction Consulting

Introduction to Tax Deductions

While people may hate taxes and tax forms, they love tax deductions. Here is an introduction to tax deductions that may help you minimize what you pay.

There is no doubt that paying taxes is one of the least favorite things to do for most Americans. This is hardly a surprise given the incredibly confusing tax laws and IRS forms. As one person said, when you finish your tax returns you don't know if you are a criminal or a martyr. Simply put, it can be massively confusing and stressful. One of your major weapons in fighting back is the much-loved deduction, which we cover in this introduction to tax deductions.

Tax deductions are simply expenses that you are allowed to use to reduce your gross income. From a big picture perspective, figuring out your taxes is actually pretty simple. You determine your gross income and then deduct everything allowable under law. When you have that figure, you head to the tax tables and figure out how much you owe. Obviously, there are other aspects such as capital gains to the process, but this is it in a nutshell and emphasizes the importance of tax deductions.

When contemplating tax deductions, it is important to remember that they almost always exist to modify our behavior in some way. Take the mortgage interest deduction for example. It exists for the purpose of promoting homeownership in the United States. By offering a substantial financial windfall, the government seeks to put as many fannies in homes as possible and secure the middle class that makes our society so strong. This approach is true for nearly all tax deductions, even if the exact purpose does not seem obvious at first.

When writing an introduction to tax deductions, the first thing any reader wants to see is a list of tax deductions they can claim. Unfortunately, that is next to impossible. The tax code with regulations is over 50,000 pages and full of tax deductions. There may be some poor soul out there willing to ...

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