What are some common tax deductions I can claim?
An example of an AI chatbot conversation about tax deductions and how to maximize them.
What are some common tax deductions I can claim?
Common tax deductions include mortgage interest, student loan interest, medical expenses, and charitable contributions.
How do I know if I qualify for these deductions?
You can qualify based on your income, filing status, and specific expenses. It's best to consult the IRS guidelines or a tax professional.
Are there any deductions for self-employed individuals?
Yes, self-employed individuals can deduct business expenses, home office costs, and health insurance premiums.
What documents do I need to provide for these deductions?
You'll need receipts, bank statements, and any relevant tax forms to support your deductions.
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