Tax Basics You Need to Know ? Save More on Your 2010 Taxes

As we head into 2011, it's time to truly understand your taxes. Let's face it, it's a lot better to get money back each year than to owe money. Fortunately when you take the right steps now, you can make sure that you get the best results. So let's go over some tax basics. First, let's explore the difference between tax deductions vs. tax credits. A tax deduction is an amount of money or expense taken "off the top" from your gross income. Examples of a deduction would be your traditional

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