What are some tips for maximizing my tax deductions?
To maximize your tax deductions, keep detailed records of all expenses, especially those related to your work or business.
Are there specific deductions I should be aware of?
Yes, common deductions include mortgage interest, student loan interest, medical expenses, and charitable contributions.
How can I track my expenses effectively?
Consider using budgeting apps or spreadsheets to categorize and track your expenses throughout the year.
What if I missed some deductions last year?
You can amend your tax return to claim missed deductions, but be mindful of the time limits for doing so.
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