Ayotte, also a former state attorney general, ran a campaign built around dire warnings about New Hampshire pursuing the more liberal policies and higher taxes of its bluer neighbor, Massachusetts. Lead Art: Republican gubernatorial candidate Kelly Ayotte is pi...
Deductions reduce your taxable income, which decreases federal tax. If you get $1000 tax deduction, it is usually not worth exactly $1000 to you. You have to apply tax rates and brackets on this $1000 deduction, along with other taxable income and deductions. Credits directly reduce taxes th...
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