Learn about types of tax deductions and how they can impact your tax returns.
☑ Tax Deduction Fundamentals
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✎ Learn The Facts: Some common situations in which itemizing can be more beneficial include: if you have experienced both significant gambling losses and winnings within the year, you have itemized deductions totaling more than the standard deduction you would receive, or you have reached significant out-of-pocket unreimbursed medical and dental expenses within the year.
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