A tax return is one or more forms ... either itemize a list of certain expenses, meaning add them up individually and subtract them from their income, or they can take the standard deduction ...
Contributions can be deducted from taxable income when filing your tax return, meaning you can end up paying less taxes and saving more money. You may get anywhere from 20 per cent to 50 per cent ...
What does this mean, however, for the average American and their ability to expect tax refunds, and other tax ... such as low-income families or those with high medical expenses, Yen pointed ...