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You do not pay deductions and it is not money you get. Deductions reduce the amount of taxable income you owe taxes on.
For example:
So by reducing the amount you are taxed on, you will (typically) receive a bigger refund or owe less taxes.
You do not pay deductions and it is not money you get. Deductions reduce the amount of taxable income you owe taxes on.
For example:
So by reducing the amount you are taxed on, you will (typically) receive a bigger refund or owe less taxes.
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