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Tax Deductions: CNBC Explains

Sun 29 May 11 | 12:00 AM ET
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Tax Deductions: CNBC Explains

Sun 29 May 11 | 12:00 AM ET
Tax deductions are an important part of calculating your annual income. But many people are unclear about how deductions affect overall tax payments. The good news? There's a simple calculation you can do, depending on your tax bracket, to help you estimate the effect. Salman Khan of the Khan Academy works through an example.
 
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