What are tax deductions and credits?
Tax deductions reduce your taxable income, while tax credits reduce your tax bill directly. Would you like to know more about specific deductions or credits?
Can you give me examples of common tax deductions?
Sure! Common tax deductions include mortgage interest, student loan interest, and medical expenses. Do you want details on any of these?
What about tax credits? What are some examples?
Some popular tax credits are the Earned Income Tax Credit, Child Tax Credit, and education credits. Would you like to know how to qualify for any of these?
Yes, how do I qualify for the Child Tax Credit?
To qualify for the Child Tax Credit, you must have a qualifying child under 17, meet income limits, and file a tax return. Would you like help with anything else?
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