All Tax Deductions Are Not Created Equal

Tax deductions
Tax deductions

When it comes to claiming deductions on your federal income tax return, a deduction is a deduction, right? Not exactly. Believe it or not, all deductions are not equal come tax time. Some deductions are bigger bangs for the buck than others. Here's a quick guide to figuring out which tax deductions might be more valuable to you than others, using 10 potential tax year scenarios:

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