Tax Tip 2022-184: Reviewing tax credits and deductions now helps set taxpayers up for success at tax time
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Issue Number: Tax Tip 2022-184
Reviewing tax credits and deductions now helps set taxpayers up for success at tax time
Most people probably only think about tax credits and deductions when they’re completing their tax return. However, a little early planning can make for a smoother filing process. By familiarizing themselves now, taxpayers can have a clear understanding of which credits and deductions make sense for them and the records needed to show their eligibility.
Here are a few facts about credits and deductions that can help with year-round tax planning.
A few things to know about deductions:
Things to know about tax credits:
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