Table of Contents 1 What are income tax deductions? 2 List of available deductions 2.1 Basic deduction 2.2 Miscellaneous loss deduction 2.3 Medical expense deduction 2.4 Social insurance premium deduction 2.5 Small business mutual aid premium deduction 2.6 Life insurance premium deduction 2.7 Earthquake insurance premium deduction 2.8 Donations Financial deductions… Read more [2021] List of income deductions that can be taken when making year-end adjustments and tax returns [No loss]
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