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What you need to know
Tax season can be stressful, but with the proper preparation, you can navigate it confidently.
This isn't just about crunching numbers; it's about maximizing your deductions and minimizing your tax burden.
Start by gathering all your essential documents: W-2s, 1099s, receipts for deductible expenses (like charitable donations or medical costs), and any records of income or losses.
Organize these documents early to avoid a last-minute scramble.
Consider whether you qualify for any tax credits, like the Earned Income Tax Credit or child tax credit, as these can significantly reduce your debt.