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Powell Tax Law Blog

tax credits

Maximizing End-of-the-Year Tax Credits: What You Shouldn't Overlook

As the year draws to a close, savvy taxpayers know it's time to start thinking about maximizing their tax credits. These valuable tools can significantly reduce your tax liability, potentially leading to a larger refund or a smaller tax bil...

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Understanding Dependents and Child Dependency Exemptions

Family meeting with tax consultant about child dependents
It’s no secret that the IRS comes with its own language, and it can be difficult for the average taxpayer to understand the meaning of key t...
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