Car Tax - Is It Possible To Avoid Having

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Contributing an insurance deductible $1,000 will lower the taxable income for this $30,000 per annum person from $20,650 to $19,650 and save taxes of $150 (=15% of $1000). For your $100,000 yr person, his taxable income decreases from $90,650 to $89,650 and saves him $280 (=28% of $1000) - almost twice as much!

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Some people receive huge fat refund every year because too much is being withheld from their weekly or bi-weekly paychecks. It wasn't until a few in the past that an addict of mine came and asked me why However the worry too much about the $275 tax refund I received.

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