Commonly Overlooked Tax Breaks and Other Tax Stuff to Know
Here are this year's commonly overlooked deductions and answers to many tax questions.

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Here we go again; tax time has officially begun.

If you’re getting a refund, you need to file ASAP. There’s no reason to offer Uncle Sam an interest-free loan.

But before you file those taxes, it will pay — literally — to make sure you get every deduction and credit you’re entitled to. After all, if you’re in the 24% tax bracket, for example, every $100 you deduct is $24 in your pocket. And every $100 credit is worth $100.

That’s what we’re going to help you do in this week’s “Money!” podcast. We’re going to help you find ways to legally lower your income tax bill, as well as answer some common questions. For example, do you know if your stimulus payment has to be reported as income? If you didn’t get the stimulus payment you were entitled to, can you claim a credit? Is unemployment taxable?

We’re about to find the answers to these and lots more questions.

As usual, my co-hosts will be financial journalist Miranda Marquit and producer and sound effects guy Aaron Freeman.

Sit back, relax and listen to this week’s “Money!” podcast:

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Show notes

Want more information? Here’s additional reading and resources:

About me

I founded Money Talks News in 1991. I’m a CPA, and I have also earned licenses in stocks, commodities, options principal, mutual funds, life insurance, securities supervisor and real estate.

Disclosure: The information you read here is always objective. However, we sometimes receive compensation when you click links within our stories.


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