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4 Money Moves To Make Right Now To Lower Your 2024 Tax Bill [Yahoo! Finance]

H&R Block, Inc. (HRB) 
Last h&r block, inc. earnings: 3/5 04:15 pm Check Earnings Report
US:NYSE Investor Relations: en.wikipedia.org/wiki/h
Company Research Source: Yahoo! Finance
There are several types of tax credits available, including the Earned Income Tax Credit, Retirement Savers Contribution Credit, American Opportunity Tax Credit, Lifetime Learning Credit, and the Child and Dependent Care Credit. According to the article, 'tax credits offer a dollar-for-dollar tax reduction, making them more beneficial than most deductions, which typically only reduce your tax liability by a certain percentage based on your tax bracket.' (Source: GOBankingRates) Making 401(k) or IRA contributions is a smart way to reduce your tax liability. The greater the percentage of your gross income that you allocate toward your pre-tax retirement accounts this year, the less taxes you'll owe to the IRS, since you'll be deferring tax liability until later in life. Even small contributions starting from your 20s will mean leveraging compound interest, which allows your savings to grow exponentially over time while lowering your tax bill now. (Source: GOBankingRates) Tax-loss ha Show less Read more
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