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Written by a TurboTax Expert • Reviewed by a TurboTax CPAUpdated for Tax Year 2024 • December 2, 2024 2:56 PMOVERVIEWTax benefits are things that save you money on taxes, like deductions or credits. Educate yourself about tax benefits with help from TurboTax in this video clip. ...
Artificial intelligence (AI) technology is having a big impact on the business sector in many respects, including the preparation and filing of business taxes. Currently, theInternal Revenue Service (IRS)is evaluating AI’s potential applications for tax administration while considering how to minimize...
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Learn the ERO meaning and view the role of an electronic return originator when filing taxes. Read the benefits of using an ERO and see how taxes...
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For example, if you contribute $100 a month into a traditional 401(k) that earns 8%, you could amass more than $150,000 of tax-free retirement savings over 30 years and save almost $50,000 in taxes as your earnings compounded. TurboTax Tip: Based on your income and filing sta...