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Some "Tax Breaks" are deductions from income, before the taxes are calculated.
Others are tax credits. But some of those are not refundable, so do not benefit your once your tax liability is down to zero. I call the latter "Empty Calories."
Some "Tax Breaks" are deductions from income, before the taxes are calculated.
Others are tax credits. But some of those are not refundable, so do not benefit your once your tax liability is down to zero. I call the latter "Empty Calories."
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