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The standard deduction is a portion of income that is not subject to tax and can be used to reduce a tax bill instead of itemizing deductions.| Investopedia
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These deduction and credit tips may help you get a larger refund this year while teaching you how to reduce your taxable income and pay less in taxes in the future.| Investopedia
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Lifestyle creep is when your standard of living rises alongside your discretionary income—and soon enough, former luxuries become new necessities. It happens slowly, without you really realizing it.| Investopedia