The top popular tax deductions and credits for 2024 can lower your tax bill and maximize your refund this tax season! Go beyond the standard deduction and don't miss out on these valuable tax breaks!| Payment 1
Eligible employers may be able to claim a tax credit of up to $5,000, for three years, for the ordinary and necessary costs of starting a SEP, SIMPLE IRA or qualified plan (like a 401(k) plan.) A tax credit reduces the amount of taxes you may owe on a dollar-for-dollar basis.| www.irs.gov