Difference between revisions of "How Can I Save on My Taxes?"
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People with higher incomes pay more in income tax. There are expenses you can deduct to reduce your income tax. When you <span class="noglossary">claim</span> a deduction, your taxable income is less. | People with higher incomes pay more in income tax. There are expenses you can deduct to reduce your income tax. When you <span class="noglossary">claim</span> a deduction, your taxable income is less. | ||
Here are some examples of when you can claim a deduction on your income tax: | Here are some examples of when you can <span class="noglossary">claim</span> a deduction on your income tax: | ||
* I support my spouse. | * I support my <span class="noglossary">spouse</span>. | ||
* I support a family member who has a disability. | * I support a family member who has a <span class="noglossary">disability</span>. | ||
* I am a single parent. | * I am a single parent. | ||
* The other parent and I both work full-time and we have childcare expenses. | * The other parent and I both work full-time and we have childcare expenses. | ||