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Revision as of 22:25, 26 February 2025
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Now, let's wait and watch if effortlessly whittle transfer pricing made that first move some more and more. How about using some relevant tax credits? Since two of your youngsters are in college, let's think one costs you $15 thousand in tuition. There is the tax credit called the Lifetime Learning Tax Credit -- worth up to 2 thousand dollars in circumstance. Also, your other child may qualify for something referred to as Hope Tax Credit of $1,500. Talk to your tax professional for one of the most current some tips on these two tax credit. But assuming you qualify, that will reduce your bottom line tax liability by $3500. Since you owed 3200 dollars, your tax has started to become zero us.
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