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A tax deduction reduces the amount of income that is subject to taxation by federal and state governments. View the current standard deduction amounts and other tax deduction information.
If you haven’t filed your taxes yet, don’t panic — but act fast.
Applying for more time to file your taxes is easy. Just don’t put off paying your tax bill.
The fast-approaching deadline for filing your 2021 taxes is April 18, 2022.
Certain windfalls are considered capital gains. Here’s how to determine what you’ll owe.