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GOBankingRates on MSNCollege Tuition Tax Deduction: How It WorksThe Tuition and Fees Deduction was phased out, but there are two main credits still available. Learn more about college ...
A tax credit directly reduces a person’s actual tax liability, or tax bill. Unlike deductions (which reduce income before ...
These details and their accompanying policies are, essentially, the tax code’s answer to the “mommy wars” between working ...
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