How to Maximize Your Benefits

To maximize your deductions and credits, you need to keep abreast of the latest tax changes and understand how they apply to your specific situation. This means keeping detailed records of eligible expenses throughout the year and understanding the nuances of what can and cannot be claimed. For instance, if you’ve transitioned to working from home, you may be eligible for deductions related to home office expenses. Similarly, understanding the eligibility criteria for various tax credits can ensure you’re not missing out on valuable refunds.

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