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WCI #17: Understanding Tax Deductions and Credits

White Coat Investor Podcast

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Tax Deductions vs. Credits: Maximizing Benefits

This chapter explores the distinctions between tax deductions and credits, emphasizing the greater financial benefits of credits. It offers practical guidance on maximizing legitimate business expenses, with a focus on home office deductions and adjusted gross income. Additionally, the chapter addresses strategies for managing investment fees and the advantages of pre-tax spending accounts for employees.

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