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May 9, 2025

Understanding Itemized Deductions

What they are and why they matter. Today, I want to walk you through itemized deductions—what they are, when they apply, and how they can help reduce your tax bill. When we file our taxes, we start with all our income—W-2s, 1099s, self-employment income, rental income, and more. We subtract the adjustments the IRS allows…

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