Complete Guide : Tax Deductions & Tax Breaks in 2022 - Hubli

A tax deduction lowers your taxable income and thus reduces your tax liability. You subtract the amount of the tax deduction from your income, making your taxable income lower. The lower your taxable income, the lower your tax bill. Let's look at the complete process of tax deductions & tax breaks in 2022. Visit- https://www.accountingadvice.co/tax-deductions-tax-breaks-in-2022/