Tax deductions can reduce the amount of income you pay taxes on, which means you could owe less money to the government. Many people find tax deductions confusing or overwhelming, but understanding how they work can help you keep more of your hard-earned money. This post will explain tax deductions clearly, show you common examples, and offer practical tips to make the most of them. What Are Tax Deductions? Tax deductions lower your taxable income. When you file your taxes, y