When your taxes have increased, you may be able to legally save money by _________.

Social Studies

2 answers:

Sedaia [141]1 year ago

8 0

Answer: d. making itemized deductions on your return.

Itemized deductions are expenses that taxpayers can claim on their federal income tax returns and which might decrease their taxable income. These are claimed in place of a standard deduction. The taxpayer is given the choice to deduct the itemized deduction amount, or the applicable standard deduction amount. The taxpayer can choose whichever one is greater. Therefore, this can be a legal way to save some money.

Georgia [21]1 year ago

3 0

When your taxes have increased, you may be able to legally saved money by : d. making itemized deductions on your return

This deductions could take form in various type of expenses that could be included in the deduction ( for example : Charitable donations)

hope this helps

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