Every year, you learn something new when you file your taxes. Hopefully, every time you figure out how to do it more efficiently. Maybe you discover a new way to file that takes less time. Perhaps you maximize your tax refund or determine ways in which you will owe less the next time around. Whether you’ve filed your income taxes for this year or you’re still planning to do it soon, here are some of the top things it can teach you about tax preparation so that it’s easier next year. The Deductions You Can Take There are many tax deductions you can take on your income tax return. You may have taken as many as you can this year, or you might have forgotten some but now it’s too late. Either way, the next time you file, you can make sure to claim them. Some of the tax deductions you may be able to take include the student loan interest deduction, the American Opportunity tax credit, an IRA deduction, medical expense deduction, mortgage interest deduction, and the state and local tax
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