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Deductions allow you to reduce your taxable income and thus reduce your tax bill. Most taxpayers are entitled to the standard deduction - a fixed amount that reduces the amount of income on which you are taxed. However, certain kinds of deductions are called itemized deductions. If you have enough of them to beat the standard deduction, it is usually a good idea to itemize instead...

You are to be commended for deciding to chart a positive course of action for your life that will prove beneficial to you, your family, your friends and your creditors. This lesson is all about how to regain control of your life, establish financial security and achieve your own personal goals and dreams. It will help you develop the skills and resources you need to be successful...