#taxseason

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If you want to understand your taxes, you need to know these basic terms. Richard Rubin, WSJ tax policy reporter, breaks down the difference between deductions and credits. #taxtok #howtodoyourtaxes #taxseason #taxes #w2 #1099 #withholding #deductions #personalfinance #wsj #wallstreetjournal #thewallstreetjournal
If you want to understand your tax return, you need to know these three items. #taxtok #howtodoyourtaxes #taxseason #taxes #w2 #1099 #withholding #deductions #personalfinance #wsj #wallstreetjournal #thewallstreetjournal | 10 | 2 | W- | with- | Three | hold- | Tax | 99 | ing
Fewer than one million Americans get audited each year. But individuals who don’t file their taxes, or underreport their income, are at the top of the list. #howtodoyourtaxes #taxseason #tax #taxaudit #taxes #taxtok #audit #irs #personalfinance #wsj #wallstreetjournal #thewallstreetjournal | claiming multiple tax breaks for the same college expenses 👯 | 🚩red flags that could trigger a tax audit 🚩 | selling crypto w/o checking the crypto box on Form 1040 💰 | (according to a tax policy reporter) | not filing your taxes ❌
When it comes to filing your taxes, one of the first big decisions to make is whether you’ll be taking the standard deduction or itemizing your deductions. Taxpayers taking the standard deduction don’t get a specific tax break for having mortgage interest, state and local taxes, or making charitable donations. That likely affects someone’s decisions about making donations or owning a home, among other things during tax season and beyond. #tax #taxtips #deductions #taxseason #personalfinance #wsj #wallstreetjournal #thewallstreetjournal | $12,950 | $25,900 | Tax policy reporter | Richard Rubin | mortgage interest | charitable donations | 🚨 explaining tax deductions in 30 seconds | The Standard | 📝 itemized deductions | state and local taxes
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