Even though taxpayers use the standard deduction instead of itemizing their deductions, there are still some deductions that can be taken in addition to the standard deduction and should not be overlooked. These are commonly referred to as above-the-line deductions. Watch this video for a quick overview of what may be eligible for you.
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Tim Thompson CPA PLLC is located in Dallas, Texas and is an expert in all areas of Texas taxes. We can help with individual or business taxes, tax resolution, tax preparation, and tax planning services.