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Itemizing deductions allows some taxpayers to reduce their taxable income, and thus their taxes, by more than if they used the standard deduction.| 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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State vs. federal income tax rates, types of income subject to tax, and more can differ. State income tax varies depending on your state. Federal income tax doesn't.| Investopedia
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Avoid writing a check to the IRS every April by changing your W-4 form to have the correct amount of income tax withheld from your pay. Learn how this works.| Investopedia
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Income tax is a tax that governments impose on income generated by businesses and individuals within their jurisdiction.| Investopedia