What are some key deductions and credits to consider before filing my taxes?
What are some key deductions and credits to consider before filing my taxes?
Before filing your taxes, it’s crucial to examine available deductions and credits that could significantly impact your refund. Common deductions include mortgage interest, real estate taxes, and certain medical expenses. Additionally, seeking tax credits such as the Child Tax Credit and energy efficiency credits can provide substantial savings on your tax bill. Organizing financial records and exploring tax software can further enhance the filing experience while ensuring accuracy and maximized benefits.