Tag Archives: how to calculate taxable income

Understanding the difference between a tax deduction and a tax credit will enable you and your advisor to apply strategies and employ financial tools to help you reduce the tax you pay on your retirement income. Tax deductions are subtracted … Continue reading

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It’s that time of year again: tax season. It’s important to understand the definitions used in government documents so you understand the flow of taxation in arriving at net and taxable income. Taxable income for example, is the figure used … Continue reading

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